Which statement about materiality is not correct?

1. A Option A: At the planning stage, the auditor considers materiality at the financial statement level only
2. B Option B: Auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of an informed decision maker who will rely on the financial statements
3. C Option C: Materiality judgments involve both quantitative and qualitative judgments
4. D Option D: Materiality is a relative concept

Answer checked 11 October 2026 · How we write and check questions