Question: Materiality (AU-C 320, AS 2105) Materiality in Planning and Performing an Audit Using the 12/31/14 Apollo trial balances calculate preliminary materiality for the financial statements

Materiality (AU-C 320, AS 2105) Materiality in Planning and Performing an Audit Using the 12/31/14 Apollo trial balances calculate preliminary materiality for the financial statements as a whole using the following approaches: 5.0% of pre-tax income 0.5% of total assets 1.0% of equity 0.5% of total revenues Based on your engagement planning analysis, which preliminary materiality measure would you recommend?

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