Question: Audit planning - materiality Can you please explain overall planning materiality, performance materiality and tolerable misstatement and materiality threshold? and provide examples. This topic is

Audit planning - materiality

Can you please explain overall planning materiality, performance materiality and tolerable misstatement and materiality threshold? and provide examples. This topic is really confusing me.

And how does this relate to risk assessment and finding audit evidence?

Does finding overall planning materiality and performance materiality tell us where to focus during risk assessment? Thank you.

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