What is the level of performance materiality? Revenue: $5,076 million Planning material is set at 0.5% of

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What is the level of performance materiality?

Revenue: $5,076 million

Planning material is set at 0.5% of revenue

Performance materiality for inventory is 75% of planning materiality for understatements and 50% of planning materiality for overstatements.

Expected misstatement is 0.25%
Confidence level is 95%

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Auditing A Practical Approach

ISBN: 9780730382645

4th Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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Posted Date: Feb 09, 2024 02:16 AM

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What is the level of performance materiality? Revenue: $5,076 million Planning material is set at 0.5% of

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The level of performance materiality is calculated as follows 1 ... View the full answer

Auditing A Practical Approach

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