12. Which of the following statements about materiality is false? a. The concept of materiality recognizes that some matters are important for fair presentation of financial otatements in conformity with the applicable financia b. While other matters are not important. planning purposes in that terms of the largest aggregate amount of mis5tat itatenests could be matertal to any one of the Ithanctarounding c. Materiality judgments are made in 11 ght of surroundaty and circumstances and necessarily inciude both giantitative and influenced by d. An auditor's consideration of materiality is intiuench comon qualitative judgments. the auditor's perception of the needs of a group financial information needs of usei.w Try AUD 2 13. Which of the following 13 an analytical procedure? balancen. Answer a. Comparing current-year balances to priot doments. b. Matching sales invoices to ship. c. Confirming accounts alients. d. Making inquixies of Surgent CPA Review - procedures would an sties?.