In the Eilifsen and Messier (2015) study, the firms that used benchmarks of total assets and total revenues, used what percent of these figures to determine their planning materiality?
A)0.25% to 2.0%
B)2.0% to 2.5%
C)0.25% to 5.0%
D)5.0% to 7.5%

Question

Quizplus · Accepted Answer

Eilifsen and Messier (2015) found that firms using benchmarks of total assets and total revenues typically applied a range of 0.25% to 2.0% of these figures to determine their planning materiality.

In the Eilifsen and Messier (2015) Study, the Firms That