In determining materiality on an audit engagement the CPA should assume that the users of the audited financial statements are
A. ordinary people who know little or nothing about business, economic activities, and accounting.
B. financial experts.
C. either CPAs or individuals who have ready access to CPAs in order to properly evaluate the information presented.
D. people with some knowledge of business, economics, and accounting who are willing to study the information in the financial statements diligently.