Which of the following statements about materiality is in?
A) the preliminary assessment of materiality guides audit planning and testing
B) materiality is used to guide the validity of information contained in the financial report
C) materiality is a key auditing concept that is assessed during the planning stage of every audit
D) information is considered material if it has no impact on the decision-making process of financial report users
Correct Answer:
Verified
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A)
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