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.
Answer: B
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