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It is used by the auditor to reduce the risk to an appropriate low level that the accumulation of uncorrected and unidentified misstatements exceeds materiality

It is used by the auditor to reduce the risk to an appropriate low level that the accumulation of uncorrected and unidentified misstatements exceeds materiality for the financial statements as a whole or specific materiality.

a. Performance materiality

b. Specific materiality

c. Materiality

d. Overall materiality

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