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n 111 / 1 pointAn important reason for adequately planning the audit engagement is toQuestion options:help decide whether the engagement should be accepted.enable the auditor to obtain sufficient appropriate audit evidence.properly design the contents of the engagement letter.keep audit risk as low as possible.1 /One of the purposes of developing a client risk profile is to assist the auditor in1 /
When the auditor has properly planned and performed the audit to reduce risk to an acceptably low level that is consistent with the objective of the audit, this means that the auditor has conducted enough work tolityn 141 / 1 pointSilka is in the process of performing an audit. During the audit, Silka decided to change materiality. A valid reason for this would beon 1 /When an auditor allocates materiality to segments, then the materiality amountfor different accounts under audit willQuestion options:entially differ from each other.uire the same level of unanticipated misstatements.uire the same amount of audit work.he same for each account audited.