Fachprüfung Wirtschaftsprüfer Practice Questions - Austria Fachprüfung Für Wirtschaftsprüfer (Statutory Auditor Examination) Exam

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An audited Austrian corporation reports Profit Before Tax (EBT) of €10,000,000 and Total Revenue of €120,000,000. The auditor sets Planning Materiality at 5% of EBT (€500,000). If Performance Materiality is set at 70% and the Clearly Trivial Threshold at 4%, what are the respective amounts?

Performance Materiality = €350,000; Clearly Trivial Threshold = €20,000 Performance Materiality = €500,000; Clearly Trivial Threshold = €50,000 Performance Materiality = €700,000; Clearly Trivial Threshold = €40,000 Performance Materiality = €100,000; Clearly Trivial Threshold = €5,000

Correct Answer:

Performance Materiality = €350,000; Clearly Trivial Threshold = €20,000

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