Auditors consider materiality at each of the following stages of an audit EXCEPT ________.
A)at the planning stage
B)at the interim audit to assess internal controls
C)while performing the year-end audit
D)at the final evaluation stage when forming the audit opinion

Question

Quizplus · Accepted Answer

Auditors consider materiality at the planning stage, while performing the year-end audit and at the final evaluation stage when forming the audit opinion. Materiality is not typically considered at the interim audit stage, as the primary focus is on assessing the effectiveness of internal controls.

Auditors Consider Materiality at Each of the Following Stages of an Audit