Question: people answer this question Study Unit 3i. Planning and Risk Assessment. Subunit 3: Aundit Risk and Materiality 32) An auditor determined performance materiality for current

people answer this question
people answer this question Study Unit 3i. Planning and Risk Assessment. Subunit

Study Unit 3i. Planning and Risk Assessment. Subunit 3: Aundit Risk and Materiality 32) An auditor determined performance materiality for current assets should be calculated at 1/4 of total materality (8% of total current assets) and noncurrent assets should b. calculated at 1/3 of total material ity ( 9% of total noncurrent assets). Calculate performance materiality for current assets based on the following: A $59,000 B. $106,000 C. $62.000 D. $93,000

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