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heducation.c What is EDI (Electr... Thank you for your.. Research and Citati.. My Citation list 5/1... McGraw-Hill Conne... X Question 1 - 4-2 C... Class ACC-645 Ad.. MHE Reader ACC 645-X1635 :... + 4-2 Connect Assignment: Module Four Assignm... i Saved Help Save & Exit Submit Check my work Suppose that you are the auditor of a major retail client who has reported the following income before taxes (IBT) for the first two quarters of the year: 1st quarter = $1,200,000 and 2nd quarter = $1,500,000. You are in the process of establishing overall materiality for the client. Based on prior years, the client has a 10% decline in IBT from the 2nd quarter to the 3rd quarter. You also know that IBT 7 in the 4th quarter increases by 25% over the 3rd quarter. points Required: Skipped Determine the amount of overall materiality for the audit based on these preliminary amounts. (Round your answer to the nearest thousand value.) eBook Amount of overall materiality $1 Print References Mc Graw Hill