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Question 5 1 Point Assume the auditor determines that verifying marketable securities is an immaterial item to the financial statements of an audit client. The auditor must therefore obtain a sufficient amount of relevant and reliable evidence about marketable securities for this audit client. The audit must also result in gathering sufficiently persuasive evidence satisfying the auditor that marketable securities are immaterially correct. (A True B False Assume an audit client identified in the planning stage of the audit the risk of material misstatement for revenue recognition and accounts receivable due to complex valuation related issues, this situation warrants the auditor to accumulate additional audit evidence and to assign more experienced staff to perform the testing in this area. A True B False