Setting the Level of Planning Materiality as Low Would Cause

question 40

Multiple Choice

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

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Definitions:

Negative Results

Findings in research that indicate no significant effect or difference, contrary to the original hypothesis.

Cohen's D

A statistic used to measure the effect size or the strength of the relationship between two variables, specifically in standardized mean difference.

Effect Size

A quantitative measure of the magnitude of a phenomenon, used to indicate the size of an experimental effect.

Independent Variable

The variable that is manipulated or changed in an experiment to see if it has an effect on some other variable.