Qualitative Factors that Affect an Auditor’s Judgement

Qualitative Factors that Affect an Auditor’s Judgement
Student’s Name
Institutional Affiliation
Course Name
Professor’ Name
Date
Qualitative Factors that Affect an Auditor’s Judgement
One of the qualitative factors affecting an auditor’s materiality judgment is the amount involving fraud. Some unintentional errors are made in the process of accounting. Such errors are considered less important compared to the amounts involving fraud. The amounts involving fraud must be considered more important since they are a reflection of the extent to which the management is honest/ reliable (Koval et al., 2019). These amounts also reflect the integrity of the other personnel (other than management) involved. The second qualitative factor is the misstatements that affect contractual obligations. While some misstatements may be minor, there are situations in which they may be material (Afshar et al., 2019). These...