# Which of the following statements is not correct about materiality? with Answer - Auditing Mcqs | TestPrep

> Solved MCQ: Which of the following statements is not correct about materiality? Correct Answer: D. At the planning state, the auditor considers materiality at the financial statement level only. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

---

Tested in Competitive Exams:

- [NTS Test Prep](https://test-prep.blog/exams/nts)
- [FPSC Past Papers](https://test-prep.blog/exams/fpsc)
- [PPSC Solved MCQs](https://test-prep.blog/exams/ppsc)
- [PMDC MDCAT 2026](https://test-prep.blog/exams/mdcat)
- [UET ECAT Prep](https://test-prep.blog/exams/ecat)
- [CSS Central Superior](https://test-prep.blog/exams/css)

- [Auditing Mcqs](https://test-prep.blog/categories/auditing-mcqs)
Difficulty: Easy 76% Accuracy

# Which of the following statements is not correct about materiality?

Direct Answer & Quick Reference

The correct option is **D. At the planning state, the auditor considers materiality at the financial statement level only**.

A. Materiality is a relative concept

B. Materiality judgments involve both quantitative and qualitative judgments

C. Auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of an informed decision maker who will rely on the financial statements

D. At the planning state, the auditor considers materiality at the financial statement level only **(Correct Answer)**

✨ Explain with AI

Verified Key: D. At the planning state, the auditor considers materiality at the financial statement level only
Solved by 2,896+ students

Verified against official examination board answer keys and standard curriculum textbooks.

- [Previous Question Audit fess is a part of _____ .](https://test-prep.blog/mcq/audit-fess-is-a-part-of-929fc542-1a62-443d-ae5b-952d5cd4c376)
- [Next Question IFRS 9 explains about?](https://test-prep.blog/mcq/ifrs-9-explains-about-5f774676-240d-465a-9abb-d961f883f061)

- [Practice More Auditing Mcqs MCQs](https://test-prep.blog/quiz/smart?category=auditing-mcqs)
- [How We Verify Questions →](https://test-prep.blog/editorial-policy)

## Subject Overview

Explore thousands of solved past paper MCQs for Auditing Mcqs categorized with explanations.

- [Browse All Auditing Mcqs MCQs →](https://test-prep.blog/categories/auditing-mcqs)

## Related Questions

- [Audit fess is a part of _____ .](https://test-prep.blog/mcq/audit-fess-is-a-part-of-929fc542-1a62-443d-ae5b-952d5cd4c376)
- [IFRS 9 explains about?](https://test-prep.blog/mcq/ifrs-9-explains-about-5f774676-240d-465a-9abb-d961f883f061)
- [Scope of financial audit is _____ ?](https://test-prep.blog/mcq/scope-of-financial-audit-is-c200cc7c-0bec-493d-ad07-19f622370b56)
- [Auditing engagement can be performed w.r.t.](https://test-prep.blog/mcq/auditing-engagement-can-be-performed-wrt-494f868a-b165-475a-bb2e-ecd82533fdbd)
- [How many Standards on Auditing have been issued?](https://test-prep.blog/mcq/how-many-standards-on-auditing-have-been-issued-e6cf65b5-24f1-44b2-a523-f5d63b37269c)

---
*Source: https://test-prep.blog/mcq/which-of-the-following-statements-is-not-correct-about-materiality-b225c7a2-59f0-4cc0-9be8-74b486554056*
*Format: Markdown for Agents (Content Negotiation: text/markdown)*