SAICA APC Practice Questions - SAICA Assessment Of Professional Competence (APC) Exam

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An auditor determines overall materiality for a listed retail company at R10 000 000 based on 5% of profit before tax. If performance materiality is set at 75% of overall materiality, what is performance materiality?

R2 500 000 R7 500 000 R10 000 000 R13 333 333

Correct Answer:

R7 500 000

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