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
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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