An auditor should consider materiality when
I. Determining the nature, timing, and
extent of audit procedures.
II. Evaluating the effect of misstatements.
a. I only
b. II only
c. Both I and II
d. Neither I nor II
I. Determining the nature, timing, and
extent of audit procedures.
II. Evaluating the effect of misstatements.
a. I only
b. II only
c. Both I and II
d. Neither I nor II