Which statement about audit materiality is incorrect?
AAt planning, materiality is considered only at the financial-statement level
BMateriality is considered from users' decision-making perspective
CMateriality is a relative concept
DMateriality judgments involve quantitative and qualitative considerations
Correct answer
A. At planning, materiality is considered only at the financial-statement level
Explanation
At planning, materiality is considered only at the financial-statement level is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.