Question: Select the statement that is most accurate with regard to materiality. Materiality does not create discretionary choices for managers, executives and auditors. Materiality is based

Select the statement that is most accurate with regard to materiality.
Materiality does not create discretionary choices for managers, executives and auditors.
Materiality is based on a percentage of net sales.
Earnings management is not sufficiently material to constitute fraud.
Materiality includes both quantitative and qualitative factors.
Select the statement that is most accurate with

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