Which of the Following Is Not Correct About Materiality

Multiple Choice

Which of the following is not correct about materiality?

A) The concept of materiality recognizes that some matters are more important for fair presentation of financial statements
B) Materiality judgments are made in light of surrounding circumstances and necessarily involve quantitative and qualitative judgments
C) Materiality should be predictable from audit to audit so that the readers of financial statements know what constitutes materiality
D) An auditor's consideration of materiality is influenced by the auditor's perception of the needs of the readers of the financial statements