Identify the most important factors affecting the preliminary judgment. $($Select all that apply.$)$

Qualitative factors never affect materiality decisions

Benchmarks are needed for evaluating materiality.

Qualitative factors affect materiality decisions.

Materiality is an absolute rather than a relative concept.

Materiality is a relative rather than an absolute concept.

This is one of the most important decisions the auditor makes, and it requires considerable professional wisdom because during the audit, auditors never change the preliminary judgment about materiality.