How will the conduct of an audit of a medium-sized company, Auditing

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How will the conduct of an audit of a medium-sized company

Response to the following questions:

1. Provide two examples of when an auditor might set a lower level of performance materiality for a particular class of transactions, account balance, or disclosure.

2. How will the conduct of an audit of a medium-sized company be affected by the company's being a small part of a large conglomerate as compared with it being a separate entity?

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