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hcraik2 hcraik2
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2 years ago
Which of the following is a correct statement regarding performance materiality?

▸ Determining performance materiality is necessary because auditors accumulate evidence by segments.

▸ The level of performance materiality does not affect the amount of evidence needed.

▸ Performance materiality cannot vary for different classes of transactions.

▸ Performance materiality is required for public companies, but not for private companies.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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alpha987alpha987
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