By setting a lower planning materiality level, an auditor

Question $7$ options:

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.

can be certain that they will detect all instances of fraud that have occurred.

Question $8(0\mathrm{.}5$ points$)$

$$

Which of the following is a component of the "Other Information" section of the auditor's report?

Question $8$ options:

auditor's responsibilities with respect to the audited financial statements

management's responsibility for internal controls as they relate to the financial statements

$$responsibility of those charged with governance to oversee the financial reporting process

management's responsibility for other information