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    Auditing Assurance Services
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    Exam7: Materiality and risk
  5. Question
    Benchmarks Are Needed for Evaluating Materiality
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Benchmarks Are Needed for Evaluating Materiality

Question 11

Question 11

Multiple Choice

Benchmarks are needed for evaluating materiality.If you used operating profit before income tax, what minimum percentage would you use for planning materiality?


A) 5%
B) 10%
C) 1%
D) none of the above

Correct Answer:

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