24. A dual-purpose test A Simultaneously tests debits and credits B Is a procedure completed by both the internal and external audihors C Is useful to both the entity and the auditor. D. Is both a substantive test of transactions and a test of controls 25. Which of the following statements is not correct about mateniaility A. The concept of materiality recognizes that some matters are important for tair presentation of Seancial statements in conformity with GAAP, while other matters are not important 8. An auditor considers materiality for the aggregate level of misstatements that coult be matenial to any one of the financial statements indvidualy Materiality judgments are made in light of surounding circumstances and necessaily invove both quantitative and qualitative judgments An auditor's consideration of materiality is influenced by the auditor's perception of the needhs of a asonable person who will rely on the financial statements