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Which of the following is not a qualitative factor that may affect an auditor's establishment of materiality? Group of answer choices The company is close

Which of the following is not a qualitative factor that may affect an auditor's establishment of materiality?

Group of answer choices

The company is close to violating loan covenants.

A small misstatement would interrupt an earnings trend.

Firm policy sets materiality at

4 %

of pretax income.

Potential for fraud.

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