Question: An auditor makes multiple materiality judgements. a. Define planning materiality. Explain how the auditor typically determines and uses it in the audit. b. Define performance

An auditor makes multiple materiality judgements.

a. Define planning materiality. Explain how the auditor typically determines and uses it in the audit.

b. Define performance materiality. Explain how the auditor typically determines and uses it in the audit.

c. Define posting materiality. Explain how the auditor typically determines and uses it in the audit.

d. Describe how qualitative factors can affect the quantitative materiality assessment.

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a Overall materiality also known as planning materiality is the materiality amount that the auditor uses in in determining whether the financial statements overall are materially correct In planning t... View full answer

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