Question: Which of the following characterizes dynamic materiality? Select answer from the options below The external auditor's threshold for materiality on the financial statements changes from

Which of the following characterizes dynamic materiality? Select answer from the options below The external auditor's threshold for materiality on the financial statements changes from year to year. Internal auditors and the audit committee decide together with the external auditors what is and is not a material error on the financial statements that warrants correction. IFRS and ASPE have different definitions of materiality. It includes sustainability topics that are material for enterprise value creation.

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