🧮 Formula sheet
- 1.Performance Materiality = 50%-75% of overall materiality (typical practice)
- 2.Materiality Benchmark = 0.5%-1% of revenue / 5% of PBT (illustrative)
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Auditing & Code of Ethics
Ch 2 · Audit Strategy, Planning & Programme
5 concept points · 2 formulas · 4 exam-critical points.