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  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    Auditors Often Set Performance Materiality at a Low Level for Accounts
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Auditors Often Set Performance Materiality at a Low Level for Accounts

Question 91

Question 91

True/False

Auditors often set performance materiality at a low level for accounts in the capital acquisition and repayment cycle because it is usually possible to completely audit the account balance and each of the transactions in these accounts.

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