Which of the following statements is correct concerning materiality in a financial statement audit?

a. Analytical procedures performed during an audit’s review stage usually decrease materiality levels.

b. Materiality levels are generally considered in terms of the smallest aggregate level of misstatement that could be considered material to any one of the financial statements.

c. If the materiality amount used in evaluating audit findings increases from the amount used in planning, the auditor should apply additional substantive tests.

d. The auditor’s materiality judgements generally involve quantitative, but not qualitative, considerations.

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