professor could we be asked in our exam to calculate the level of performance materiality or preliminary materiality for that matter, using materiality benchmarks?
Ask the Tutor ACCA AA
performance materiality
Yes
See syllabus https://www.accaglobal.com/ca/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/syllabus-study-guide.html
LO B3:
d) Explain and calculate materiality levels from financial information.
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