An item which is below the materiality level may be considered material in the cases below by the auditor if it;

i) Arises from an item incapable of being measured precisely, or from an inherently imprecise estimate

ii) Conceals a change in the trend in earning or hides a failure to meet analysts' expectations or changes a loss into income.

iii) Affects compliance with regulatory requirements or with debt covenants or other contractual requirements.

A.

Only ii

B.

Only ii and iii

C.

i , ii and iii

D.

Only i