One Way an Auditor Gauges How Much Audit Work and Testing

Multiple Choice

One way an auditor gauges how much audit work and testing needs to be performed is through evaluating materiality and seeking reasonable assurance about the nature of the information or process.What is key to determining materiality during an audit?

A) determining if material errors exist in the information or processes undergoing audit
B) the testing of records,account balances,and procedures on a sample basis
C) determining what is and is not important given a set of circumstances is primarily a matter of judgment
D) none of the above