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What Happens to the Sufficiency of Audit Evidence Collected If

Question 22

Multiple Choice

What happens to the sufficiency of audit evidence collected if, in the final review, new information causes the engagement partner to decide that a lower materiality threshold is required and, as a result, the partner reduces planning materiality for the audit?


A) more evidence may be required
B) less evidence may be required
C) the client may be asked to make correcting entries
D) more evidence is required and the client may be asked to make correcting entries

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