Question: Dolman, CPA, is developing the prelipinary materiality number to be used in the audit of Abacus, Inc., a nonissuer. Which of the following will Dolman

Dolman, CPA, is developing the prelipinary materiality number to be used in the audit of Abacus, Inc., a nonissuer. Which of the
following will Dolman most likely use in developing this number?
The results obtained from performing substantive tests of details.
The higher of 5% of net income or 1% of total assets.
Trend analysis of revenues and expenses over the past five years.
Client budgets and interim financial statements.
Dolman, CPA, is developing the prelipinary materiality number to be used

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