Question: Simone is an audit senior. She determined that the appropriate planning materiality for the audit client is $50,000. As a result of planning analytical procedures, she identified fixed assets as an account with a higher risk of material misstatement compared to other balance sheet accounts. Which approach is would be most appropriate for Simone to select? Group of answer choices Allocate more planning materiality to the fixed assets account to reduce the amount of audit work Allocate less planning materiality to the fixed assets account to increase the amount of audit work Allocate more planning materiality to the fixed assets account to increase the amount of audit work Allocate less planning materiality to the fixed assets account to reduce the amount of audit work