Which of the following is not a benefit claimed for the practice of determining materiality in the initial planning stage of an audit?
a. avoiding the problem of doing too little work (under-auditing)
b. being able to fine-tune the audit work for effectiveness and efficiency
c. being able to decide early what type of audit opinion to issue
d. avoiding the problem of doing more work than necessary (over-auditing)
Answer: c. being able to decide early what type of audit opinion to issue
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.