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Assuming that the criteria that your audit team shall rely on to determine the overall materiality level is 5% of the companys turnover (sales revenue)
Assuming that the criteria that your audit team shall rely on to determine the overall materiality level is 5% of the companys turnover (sales revenue) that amounts $1,500,000, you are required to draw a graph indicating the two levels of materiality; overall and performance; given that your test of internal controls made your audit team conservative and assigned a 60% performance materiality level
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