Business, 20.09.2019 23:30 patdisawsome

Based on new information gained during an audit of a nonissuer, an auditor determines that it is necessary to modify materiality for the financial statements as a whole. in this circumstance, which of the following statements is accurate?
a. the auditor is required to reperform audit procedures already completed on the audit using the revised materiality.
b. the auditor should consider disclaiming an opinion due to a scope limitation.
c. the revision of materiality at the financial statement level will not affect the planned nature and timing of audit procedures, only the extent of those procedures.
d. materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.

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