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Performance materiality What is the purpose of performance materiality and how does it relate to overall planning materiality? like I know performance materiality cannot go

Performance materiality

What is the purpose of performance materiality and how does it relate to overall planning materiality? like I know performance materiality cannot go over the overall planning materiality but if you can explain more in depth like i'm 5 years old that would be great!

Also can you explain the materiality threshold?

thank you!

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