Which of the following is a reason that the auditors may change the preliminary judgment about materiality?
A)The auditors decide that the preliminary judgment was too large.
B)The auditors decide that the preliminary judgment was too small.
C)Client circumstance may have changed due to qualitative events.
D)all of the above

Question

Quizplus · Accepted Answer

All of the above statements are potential reasons for the auditors to change their preliminary judgment about materiality. The auditors may determine that their initial judgment was either too large or too small based on new information they uncover during their audit. Additionally, qualitative events or changes in client circumstances may impact the auditors' assessment of materiality.

Which of the Following Is a Reason That the Auditors