Performance materiality is set:
AHigher than overall materiality
BLower than overall materialityCORRECT
CEqual to overall materiality
DAt zero for high risk balances
ICANAudit & AssuranceAudit Planning and Materiality2023
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Why the answer is B, and why the others tempt you.
Performance materiality is set below overall materiality to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds overall materiality.
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