Which of the Following Is a Correct Statement Regarding Performance

question 108

Multiple Choice

Which of the following is a correct statement regarding performance materiality?

• A) Determining performance materiality is necessary because auditors accumulate evidence by segments.
• B) The level of performance materiality does not affect the amount of evidence needed.
• C) Performance materiality cannot vary for different classes of transactions.
• D) Performance materiality is required for public companies, but not for private companies.

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Definitions:

Genetic Factors

Elements within an organism's genes that influence its physical and behavioral traits, inherited from its parents.

Environmental Influences

Factors external to the individual, such as cultural, social, and physical factors, that impact behavior and development.

Homosexuality

Sexual attraction, orientation, or behavior between members of the same sex or gender.

Public School Teachers

Educators employed by government-controlled institutions to provide instruction in various subjects to students at the elementary, middle, and high school levels.