planning materiality
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Free InquiryIf new information comes to light that would cause the auditor to establish a different level of planning materiality, then the auditor _______.
A. should examine the information and make adjustments to materiality as needed
B. issue a qualified opinion as part of the audit report
C. follow the auditing standards that recommend an appropriate percentage of total assets as a benchmark for planning materiality for all companies
D. have management of the company select the appropriate benchmark for planning materiality
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