Explain briefly what is meant by performance materiality and how it relates to planning materiality and tolerable
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Explain briefly what is meant by ‘performance materiality’ and how it relates to planning materiality and tolerable error.
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Performance materiality is a concept used in auditing and it represents a buffer amount below the planning materiality threshold that determines the a...View the full answer
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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