Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 19

Which of the following statements best describes the role of materiality in a financial statement audit?
A) Materiality refers to the "material" from which audit evidence is developed.
B) The higher the level at which the auditor assesses materiality, the greater the amount of evidence the auditor must gather.
C) The lower the level at which the auditor assesses materiality, the greater the amount of evidence the auditor must gather.
D) The level of materiality has no bearing on the amount of evidence the auditor must gather.