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The overall materiality set for the engagement is $10 thousand. The performance materiality is $7 thousand. Specific materiality is not used. Could an error (not

The overall materiality set for the engagement is $10 thousand. The performance materiality is $7 thousand. Specific materiality is not used. Could an error (not fraud) of $4 thousand be deemed material? If not explain why, if yes give an example.

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