QUESTION 1 During the audit, auditors often change the preliminary judgement about materiality. For a financial statement audit for the financial year ended 30 June 2021, which of the following factors can explain why auditors revised materiality? A. The preliminary judgement about materiality is based on 8 months financial information rather than the entire financial year's. B. Two weeks after determining the preliminary judgement about materiality, the auditor found the client company was planning to borrow another $7 million from ANZ. OC. On 31 Aug 2021, the financial report, as well as the audit report were released to shareholders. On 21 October 2021, the auditor found that a client was fined on October 2021 by Queensland Government for land contamination D. A and B E. A, B and C 1 points Saved Click Save and Submit to save and submit. Click Save All Answers to save all answers