Some accountants have suggested that the auditors report should include a statement of materiality level and audit

Question:

Some accountants have suggested that the auditor’s report should include a statement of materiality level and audit risk that the auditor used in conducting the audit.
REQUIRED
a. The proponents of such disclosure believe that the information would be useful to users of the being reported on. Explain fully why you think they have this view.
b. Some accountants oppose such disclosure. Explain why you think they are not in favour of it.
c. What is your position on the issue?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...