CV

Auditing & Code of Ethics

Ch 2 · Audit Strategy, Planning & Programme

5 concept points · 2 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
Important Points

🧮 Formula sheet

  1. 1.Performance Materiality = 50%-75% of overall materiality (typical practice)
  2. 2.Materiality Benchmark = 0.5%-1% of revenue / 5% of PBT (illustrative)

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