When Setting a Preliminary Judgment About Materiality

question 27

Multiple Choice

When setting a preliminary judgment about materiality:

• A)more evidence is required for a low dollar amount than for a high dollar amount.
• B)less evidence is required for a low dollar amount than for a high dollar amount.
• C)the same amount of evidence is required for either low or high dollar amounts.
• D)there is no relationship between it and the dollar amount of evidence needed.