Question: By setting a lower planning materiality level, an auditor can be certain that they will detect all instances of fraud that have occurred. decreases the
By setting a lower planning materiality level, an auditor
can be certain that they will detect all instances of fraud that have occurred.
decreases the quality and quantity of evidence that needs to be gathered.
does not change the audit strategy they use.
increases the quality and quantity of evidence that needs to be gathered.
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