By Setting a Lower Planning Materiality Level, an Auditor

question 71

Multiple Choice

By setting a lower planning materiality level, an auditor

• A) decreases the quality and quantity of evidence that needs to be gathered.
• B) does not change the audit strategy they use.
• C) increases the quality and quantity of evidence that needs to be gathered.
• D) can be certain that they will detect all instances of fraud that have occurred.

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Definitions:

Left Hemisphere

The half of the brain that is typically responsible for language processing, logical reasoning, and analytical tasks in most individuals.

Picky Eaters

Individuals, often children, who have a very selective and limited range of food preferences.

Egocentrism

Piaget’s term for children’s inability to take another person’s point of view or perspective and to assume that others share the same feelings, knowledge, and physical view of the world.

Preoperational Reasoning

Piaget’s second stage of cognitive development, between about ages 2 and 6, characterized by advances in symbolic thought, but thought is not yet logical.