Question: Performance materiality is defined as an amount less than materiality, which is set to reduce the likelihood that the aggregate amount of misstatements not exceed

Performance materiality is defined as

an amount less than materiality, which is set to reduce the likelihood that the aggregate amount of misstatements not exceed materiality for the financial statements as a whole.

information that is material due to the nature of the misstatement.

information that is relevant when some areas of the financial statements are expected to influence the economic decisions made by users of the financial statements.

information that exceeds an auditor's preliminary materiality assessment.

Performance materiality is defined as an amount

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