Question

The use of performance materiality should:_____________.A. reduce the probability that the sum of immaterial and/or undetected misstatements in the financial statements is greater than materiality for the financial statements as a whole.B. increase the probability that the sum of immaterial and/or undetected misstatements in the financial statements is greater than materiality for the financial statements as a whole.C. reduce the probability that the sum of immaterial and/or undetected misstatements in the financial statements is less than materiality for the financial statements as a whole.D. increase the probability that the sum of immaterial and/or undetected misstatements in the financial statements is less than materiality for the financial statements

Answer 1

C. reduce the probability that the sum of immaterial and/or undetected misstatements in the financial statements is less than materiality for the financial statements as a whole.

Explanation:

This is the likely answer going by the relationship between the undetected misstatement and the materiality for the financial statements.