Scenario 2: Delta Investments provides a group of mutual funds for investors. The components of its financial statements are (1) income before taxes = 540 million (2) total assets = $4.3 billion, and (3) total revenues = $900 million Delta Investments CPA firm uses the percentage applicable on total (net) assets for determining overall materiality a Determine overall materiality, and determine tolerable misstatement. Justify your decisions I b. During the course of the audit, Delta's CPA firm detected two misstatements that aggregated to an overstatement of income of $575 million Evaluate the audit findings. Justify your decisions