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Auditors must determine what is material and what is not. Describe performance materiality. Will the sum of performance materiality equal the total amount which is

Auditors must determine what is material and what is not.

  1. Describe performance materiality.
  2. Will the sum of performance materiality equal the total amount which is material?
  3. If the sum of performance materiality will not equal the total of materiality, why will the two differ?
  4. If the sum of performance materiality will not equal the total of materiality, which will generally be larger?

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