Which of the following is a correct statement regarding performance materiality?
A) Determining performance materiality is necessary because auditors accumulate evidence by segments.
B) The level of performance materiality does not affect the amount of evidence needed.
C) Performance materiality cannot vary for different classes of transactions.
D) Performance materiality is required for public companies, but not for private companies.
A
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Which one of the following is true of Social Security benefits?
A. Benefits are taxed as ordinary income at both the federal and state level. B. Workers who meet requirements receive retirement benefits according to age and earnings history. C. Workers are not required to meet any eligibility rules to receive benefits. D. The cost of the program is borne entirely by the employees who pay a payroll tax. E. The program covers railroad and federal, state, and local government employees.
Which of the following permits employers to discriminate?
a) 1st Am b) Civil Rights Act c) Freedom of Religion Act d) all e) NOTA