Why Might an Auditor Revise the Preliminary Assessment of Materiality

question 69

Multiple Choice

Why might an auditor revise the preliminary assessment of materiality?

• A) Because of qualitative events
• B) Because the auditor determined preliminary assessment of materiality before year- end
• C) Because client circumstances may have changed
• D) All of the above

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Definitions:

Posttest-Only Control

A research design where subjects are assigned to experimental or control groups and are tested on the dependent variable only after the treatment.

Confidentiality

The ethical and often legal obligation to keep someone's personal information private, especially within a professional or research context.

Within-Subjects Design

A research design in which the same group of subjects is exposed to all different treatments or conditions, allowing direct comparison of the effects of each treatment on the same individuals.

Error Variance

Refers to the variation in a set of scores that is caused by extraneous variables or random error, not by the variables under investigation.