If materiality judgments change during the audit opinion formulation process,what happens to previous evidence collection decisions that were based on the initial judgments?
A)They need to be reassessed.
B)They need to be noted in the footnotes.
C)No action is required.
D)None of the above.

Question

Quizplus · Accepted Answer

If materiality judgments change during the audit opinion formulation process, previous evidence collection decisions that were based on the initial judgments need to be reassessed to ensure that they still support the new materiality judgments.

If Materiality Judgments Change During the Audit Opinion Formulation Process,what