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:

Napoleon III

Louis-Napoleon Bonaparte, who became Emperor of the French, ruling from 1852 to 1870, marking the Second French Empire's establishment.

Athletic Emphasis

Athletic emphasis refers to the focus or importance placed on physical sports, exercise, and activities within various contexts, such as schools, cultures, or communities.

Olympic Games

An international multi-sport event held every four years, alternating between the Summer and Winter Games, featuring athletes from around the world.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, traveling, and engaging in recreational pursuits.