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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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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Explain briefly what is meant by performance materiality and how it relates to planning materiality and tolerable

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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

Principles Of External Auditing

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