Setting the level of planning materiality as low would cause an auditor to
A) increase the quality and quantity of evidence to be collected.
B) reduce the quality and quantity of evidence to be collected.
C) revise the acceptable level of audit risk.
D) none of the above

Question

Quizplus · Accepted Answer

Setting the level of planning materiality as low indicates a higher level of risk, prompting the auditor to increase the quality and quantity of evidence they collect to ensure they can obtain a sufficient level of assurance.

Setting the Level of Planning Materiality as Low Would Cause