In each audit engagement, the professional auditor must make a decision about at what point he/she is going to recommend an adjustment be made to the financial statements. The auditor must select a benchmark to be used in deciding what adjustment is considered material and what is not. Select a publicly-traded company and review its financial statements. Discuss with the class what benchmark you would use to determine materiality and how you would calculate it. Be sure to support your conclusion with qualitative and quantitative information.