If performance materiality for accounts payable is $1,000,the auditor would need to obtain more audit evidence for that account than if performance materiality were $100,000.

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Performance materiality is used to determine the amount of misstatement in a particular account or group of accounts that would be considered material enough to affect the overall financial statements. Therefore, if performance materiality for accounts payable is $1,000, it means that any misstatement in this account that would exceed this amount would be considered material. In contrast, if performance materiality were $100,000, it would mean that a misstatement of up to $100,000 in accounts payable would not be considered material. As a result, the auditor would need to obtain more audit evidence for accounts payable if performance materiality were $1,000 than if it were $100,000.

If Performance Materiality for Accounts Payable Is $1,000,the Auditor Would