Although different audit firms take different approaches, performance materiality could be the same as overall materiality, or could be a percentage of overall materiality. Generally this range is which of the following?
A) 25% to 75% of overall materiality.
B) 50% to 75% of overall materiality.
C) 25% to 50% of overall materiality.
D) 40% to 75% of overall materiality.

Question

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The Answer of Although different audit firms take different approaches, performance materiality could be the same as overall materiality, or could be a percentage of overall materiality. Generally this range is which of the following?
A) 25% to 75% of overall materiality.
B) 50% to 75% of overall materiality.
C) 25% to 50% of overall materiality.
D) 40% to 75% of overall materiality.

Although Different Audit Firms Take Different Approaches, Performance Materiality Could