When auditors allocate the preliminary judgment about materiality to account balances?

Question

When auditors allocate the preliminary judgment about materiality to account balances, the materiality allocated to any given account balance is referred to as
	a. the materiality range.
	b. the error range.
	c. tolerable materiality.
	d. tolerable misstatement.

Mubashir Shahzad · Answer

after the assesment of internal controls enviroment, risk and controls, management stance of internal con trols, and when they perform initial assesment of controls through testting of control frome work, then they can reach to decide materiality level.

plz like the answer

Yajna Sapkota · Answer

At the end of fiscal year if there is additional stock of materials which can increase the cost so auditor may ask to balance the materials.

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When auditors allocate the preliminary judgment about materiality to account balances?

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