Question: Materiality is a key factor guiding the substantive procedures. which one is TRUE? Materiality level is subject to management's professional judgement No answer text provided.

Materiality is a key factor guiding the substantive procedures. which one is TRUE?

Materiality level is subject to management's professional judgement

No answer text provided.

Performance materiality is a concept that indicates the risk level of the financial statements as a whole

Performance materiality is used to set the tolerable misstatement amount in a specific account

All of them are not true

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