Question: 1) If performance materiality increases, what impact would it have on the amount of evidence required to be collected during an audit? 2) You have

1) If performance materiality increases, what impact would it have on the amount of evidence required to be collected during an audit?

2) You have to test cash and PP&E of your client. Both accounts have the same balance at the end of the year: $25 million. In a typical company, which account will you spend more time testing AND WHY?

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