The Amount(s) Set by the Auditor at Less Than the Materiality

Multiple Choice

The amount(s) set by the auditor at less than the materiality for the financial statements as a whole to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds materiality for the financial statements as a whole is referred to as

A) the materiality range.
B) the error range.
C) tolerable materiality.
D) performance materiality.