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Do the following regarding auditors' concepts of overall "materiality" considered at the planning stage (i.e.,"planning materiality").
a.Define or describe independent auditors' concept of "planning materiality."
b.Name (but do not describe or explain)three common relationships or considerations used by auditors when assessing the dollar amount considered to be material.
Centrality
The importance or influence of a role or position within a network or system, often determined by the number of connections or dependencies.
Ingratiation
A psychological strategy where an individual attempts to make themselves more likable or appealing to others, often to gain favor or approval.
Information Control
The management and regulation of information flow within an organization, focusing on optimizing access and protecting confidentiality.
Visibility
Visibility in the context of a business refers to how easily and clearly a company's actions, decisions, or products are seen and understood by its stakeholders.
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