Why should materiality be considered during the initial contact?
A.
To determine the audit duration
B.
To obtain reasonable assurance that the audit can be successfully completed
C.
To define processes for minimizing detection risks
The Answer Is:
B
This question includes an explanation.
Explanation:
Materiality should be considered during the initial contact to obtain reasonable assurance that the audit can be successfully completed. Determining materiality helps establish the threshold for the significance of audit findings, ensuring that the audit focuses on substantial issues that could impact the audit conclusions.
References: ISO 19011:2018, Guidelines for auditing management systems
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