Problem

Do the following regarding auditors’ concepts of overall "materiality" considered...

Do the following regarding auditors’ concepts of overall "materiality" considered at the planning stage (i.e., "planning materiality").

a. Define or describe independent auditors’ concept of "planning materiality."

b. Name (but do not describe or explain) three common relationships or considerations used by auditors when assessing the dollar amount considered to be material.

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