Question: Part 2: Using the example materiality calculation sheet discussed in class, determine materiality using the following assumptions. User tolerance for misstatement is high Performance materiality

Part 2: Using the example materiality calculation sheet discussed in class, determine materiality using the following assumptions. User tolerance for misstatement is high Performance materiality is 60% of overall planning materiality Materiality Example Selected Banchmark Operations Plant Revenue 29,628,228 Total Assets 21,844,768.00 Overall Materiality (planning) 327,672

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