Which of the following statements is false regarding materiality judgments?

Which of the following statements is false regarding materiality judgments?



a. Materiality judgments are a matter of professional judgment.
b. Materiality judgments depend on the needs of a reasonable person (an investor, potential investor, or other stakeholder) relying on the information.
c. Materiality judgments involve both quantitative and qualitative considerations.
d. Materiality judgments are easy for auditors to make.









Answer: D


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