Discussion questions about materiality and performance my should be made early in the audit dun Explain why donlaptable audits inherent risk the preliminary en the planning phase In requirement of this assignment you established performance meality forrache several balance sheet accounts. Explaintify how you choose your performance material amounts for each of the following accounts accountable forbed debts accounts payable 5. Explainjustly why the sum of performance materiality is allowed to exceed the preliminary judgment about materiality 2. Explain how the level of acceptable audit risk and preliminary materiality you lower levels of acceptable and risk and materiality have an audit testing compared to In this aiment might affect the remainder of the audien. Specifically, what effect will levels you lected Why is set income before tax the most common be used to determine the preliminary judgment about materialty in what orcumstances might the auditor use different bem? PATE AREN