Select the statements about materiality that is false:

a) Materiality is a relative measure of the size of material misstatement that the

auditor aims to discover when auditing the financial statements.

b) Items may be qualitatively material - that is, they may be smaller than the

quantitative materiality threshold but still be deemed material.

c) The auditor sets materiality at the beginning of the audit and cannot change it.

d) The auditor exercises a significant amount of professional judgement when

determining materiality.

Please describe as well why this is false or why are are not false