Where auditors have knowledge of specific intended users and uses, their judgement of what they consider material:
A) remains unchanged.
B) may be affected.
C) is based on the last audit.
D) none of the above

Question

Quizplus · Accepted Answer

The knowledge of specific intended users and uses may affect the auditor's judgement of what they consider material. The materiality threshold may vary depending on the relevance of financial statement information to the intended users and uses.

Where Auditors Have Knowledge of Specific Intended Users and Uses