31. What is the correct term for an auditor's preliminary judgment about materiality at the financial statement level?

	A.	Evaluation materiality.
	B.	Performance materiality.
	C.	Planning materiality.
	D.	Tolerable misstatement.

32. In a typical audit engagement, it is desirable to have how many benchmarks when determining planning materiality for the financial statements as a whole?

	A.	One.
	B.	Two.
	C.	Three.
	D.	Four.

33. According to AU-C 320B.10, how should auditors address planning materiality for certain transaction classes, account balances, or disclosures that may influence economic decisions of financial statement users differently?

	A.	The same planning materiality amount is required to be used for all financial statement items.
	B.	If appropriate, a lower planning materiality amount can be used for such items.
	C.	Such items are each required to have a separate planning materiality amount.
	D.	Management should decide if a particular transaction class should use a lower planning materiality amount.

34. What is the correct term for materiality at the test or procedure level for a specific account balance or transaction class if the procedure or test involves audit sampling?

	A.	Evaluation materiality.
	B.	Performance materiality.
	C.	Planning materiality.
	D.	Tolerable misstatement.

35. Steve is engaged to audit Shield of Cooperation, a nonprofit organization. During his audit, he discovered three misstatements to the financial statements, but those misstatements, when aggregated, are lower than the amount Steve has designated as clearly trivial. How should these misstatements be addressed?

	A.	Steve should post each of these misstatements to the summary of audit differences.
	B.	Steve should aggregate these three misstatements together and post them to the summary of audit differences.
	C.	Steve should aggregate these misstatements with larger misstatements to be a posted on the summary of audit differences.
	D.	Steve can ignore these misstatements because they are below his nonposting threshold.