In this mini-case you will determine planning materiality as well as tolerable misstatement amounts for balance sheet accounts of EarthWear Clothiers, Inc. While many auditing firms use a simple approach for establishing planning materiality and tolerable misstatement similar to the one illustrated in your textbook, some firms use more detailed guidelines that involve allocating a multiple of planning materiality to balance sheet accounts. This case illustrates one such approach. The Materiality Guidelines will need to be reviewed and used in completing the project. Full instructions can be found in the attached Excel file, which you should download, complete as required and upload for your instructor's review