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Suppose on an audit the engagement partner has changed materiality from $10,000,000 to $15,000,000. (Assume this resulted in a change to DR). What is the
Suppose on an audit the engagement partner has changed materiality from $10,000,000 to $15,000,000. (Assume this resulted in a change to DR). What is the effect of this change on the extent of testing? (The auditor will most likely: A. Use a larger sample for Substantive Testing, or B. Use a smaller sample for Substantive Testing) [Use the choices provided to answer, write out the letter and the choice details. EX: To pick answer A type: "A. Use a larger sample for Substantive Testing) [Spelling counts.]
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