4. Auditing standards require auditors to determine the materiality levels that they will use (materiality levels) from the planning stage of the future intervention. Based on this, which of the following expressions is true?

I. preliminary materiality level may change during the audit process.

II. The preliminary materiality level represents the maximum tolerable amount of misstatement in the financial statements.

a. I

b. Both I and II.

c. II

d. None of the above