Question: When auditors determine financial statement materiality for a given audit engagement, they should primarily base their decisions on: Select one: a. materiality level used by

 When auditors determine financial statement materiality for a given audit engagement,

When auditors determine financial statement materiality for a given audit engagement, they should primarily base their decisions on: Select one: a. materiality level used by the company's management for internal audits b. users of the financial statements and their specific needs. c. the risk level determined in the preliminary assessment d. the prior year's materiality level

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