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Answer:
The auditor's consideration of materiality is a matter of professional judgment and is influenced by the auditor's perception of the needs of users of financial statements.
For example in a company auditors finds a materiality is that companies current ratio is 2:1 it means
it has sufficient liquidity and the and lender can expect their money to come back as per the materiality.
However in the financial while doing accounting there may be a chance of failure of approved accounting principle but it will not affect the materiality to a great extent that is why materiality differs from failure to follow approved accounting standards and disagreement.
