Review the following documents: company background memo, accounting policies memo, financial information and working papers 518 and 519.
complete audit schedule 520. Ensure in the planning materiality explanation section that you explain why you selected:
· The benchmark you used to calculate materiality
· The percentage you applied to the benchmark
· The likelihood of management fraud
Ensure for the accounts you identify as requiring a lower performance materiality you explain your rationale. complete working paper 520.