The Auditor Can Assign a Portion of the Materiality to Individual

Multiple Choice

The auditor can assign a portion of the materiality to individual accounts in the financial statements

A) This is referred to as the auditor using professional judgment
B) This is referred to determining materiality for particular items on the financial statements
C) This is referred to as the tolerable misstatement or performance materiality for an account
D) This is referred to as the auditor obtaining reasonable assurance