Performance materiality is commonly set at 50-75 percent of overall materiality.

Name: Performance materiality is commonly set at 50-75 percent of overall materiality.
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Performance materiality is set at a lower threshold than overall materiality and is typically set between 50-75% of overall materiality. This is because performance materiality focuses on specific accounts or assertions and is used to determine the acceptable level of misstatement for these areas.

Performance Materiality Is Commonly Set at 50-75 Percent of Overall