When Allocating Materiality, Most Practitioners Choose to Allocate to

Multiple Choice

When allocating materiality, most practitioners choose to allocate to

A) the income statement accounts because they are more important.
B) the balance sheet accounts because most audits focus on the balance sheet.
C) both balance sheet and income statement accounts because there could be errors on either.
D) all of the financial statements because it is required by GAAS.