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Please provide answers next to the questions provided. Most questions can be answered with 3 or less sentences, but please do not exceed 5 sentences.

  • Please provide answers next to the questions provided. Most questions can be answered with 3 or less sentences, but please do not exceed 5 sentences.

  • 1- What is the difference between planning and performance materiality?
  • 2- Auditors generally use a range of 50-75% of planning materiality to determine performance materiality. How do auditors determine which percentage in that range they will choose (i.e. 60%, 70%, 75%, etc...)?

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