When an external auditor’s performance materiality level is 60% of its overall materiality threshold, the...

Vendor: CFA Institute
Product: Sustainable-Investing
Update on: Jul 23, 2025
Questions: 712

CFA Institute Sustainable-Investing Question Answer

When an external auditor’s performance materiality level is 60% of its overall materiality threshold, the auditor most likely:

Has a low level of confidence in the company's financial controls

Will apply tailored audit procedures for the smallest 40% of the company's segments

Uses a sample that covers 60% of the total number of the company's transactions during the financial year

CFA Institute Sustainable-Investing Summary

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