Why Do Auditors Establish a Preliminary Judgment About Materiality

question 157

Multiple Choice

Why do auditors establish a preliminary judgment about materiality?

• A) to determine the appropriate level of staff to assign to the audit
• B) so the client can know what records to make available to the auditor
• C) to help plan the appropriate evidence to accumulate
• D) to finalize the control risk assessment

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Definitions:

Nonhuman Primates

Mammals, excluding humans, that belong to the primate order; includes monkeys, apes, and lemurs.

Ethics

A branch of philosophy dealing with questions of morality and the principles governing right and wrong conduct.

Western Lowland Gorilla

A subspecies of gorilla that inhabits the lowland rainforests of central West Africa, known for its gentle nature.

Populations

Groups of individuals of the same species living and interacting within a specific area.