In determining the level of materiality for an audit, what should not be considered?
AThe auditor’s remuneration
BPrior year’s errors
CAdjusted interim financial statements
DPrior year’s financial statements
Correct answer
A. The auditor’s remuneration
Explanation
The auditor’s remuneration is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.