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Please refer to AASB 1031(issued by AASB) Materiality before withdrawal AASB 1031 and the importance of ASA 320 Materiality when Planning and Performing an Audit,

Please refer to AASB 1031(issued by AASB) Materiality before withdrawal AASB 1031 and the importance of ASA 320 Materiality when Planning and Performing an Audit, also identified ASA 450 Evaluation of Misstatements during Audit (issued by AUASB).

a. Define materiality.

b. Outline the qualitative and quantitative guidelines of materiality.

c. How the constructs of "materiality" influence the auditors' professional judgment on misstatements?

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