Once the auditor determines the preliminary judgement about materiality for a particular engagement, that amount cannot be changed during the engagement.

Question

Quizplus · Accepted Answer

The preliminary judgement about materiality can be revised and updated during the course of the engagement if the circumstances warrant such revision. However, such revisions should be based on reasonable grounds and should be appropriately documented.

Once the Auditor Determines the Preliminary Judgement About Materiality for a Particular