This study delves into the influence of materiality and audit risk judgments on the reliability and content of auditor’s reports, pivotal aspects of the auditing process that shape the nature, timing, and scope of audit procedures. Despite their significance, there is a limited quantity of research on how these judgments impact the final audit report. Using a qualitative methodology centered on questionnaires and extensive literature review, this study gathers insights from experienced auditors. The questionnaire aims to reveal factors affecting materiality and audit risk judgments, the challenges auditors encounter in making these judgments, and the perceived effects on the quality and credibility of auditor’s reports. The study expects to unveil the primary drivers behind materiality and audit risk judgments, including regulatory demands, client attributes, and auditor’s professional judgment. The findings are expected to offer valuable insights for auditors, standard setters, and regulators, aiding in enhancing the quality and relevance of audit reports. By comprehending the influence of materiality and audit risk judgments, auditors can refine their audit procedures’ efficacy and bolster the credibility of their reports. This study also contributes to the existing literature by furnishing empirical evidence on the factors shaping materiality and audit risk judgments in the auditing field.