Which of the following statements is false a Quantitative materiality is based on a specific numeric cutoff, like 5 of net income or 1 of total assets b Performance materiality is the materiality amount that the auditor uses in in determining whether the financial statements overall are materially correct c An auditor should use the result of the calculation as a starting point for planning materiality and then adjust as necessary for qualitative characteristics of the particular audit client d Posting materiality is the materiality amount that signifies the misstatements identified throughout the audit that will be considered at the end of the audit in determining whether the financial statements overall are materially correct

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Which of the following statements is false  a  Quantitative materiality is based on a specific numeric cutoff, like 5  of net income or 1  of total assets  b  Performance materiality is the materiality amount that the auditor uses in in determining whether the financial statements overall are materially correct  c  An auditor should use the result of the calculation as a starting point for planning materiality and then adjust as necessary for qualitative characteristics of the particular audit client  d  Posting materiality is the materiality amount that signifies the misstatements identified throughout the audit that will be considered at the end of the audit in determining whether the financial statements overall are materially correct

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Which of the following statements is false? a. Quantitative materiality is based on a specific numeric cutoff, like 5% of net income or 1% of

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