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Identify an appropriate base and set planning materiality

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Reference no: EM132992632

You are a part of the team responsible for planning the Bank of Queensland (ASX code - BOQ), a retail bank, audit engagement for 2021. You are required to gather relevant background information and prepare a report for a meeting with your audit seniors. Assume that this is the first time that the audit will be conducted by your audit firm for this client. The report should:

Problem 1: Identify an appropriate base and set planning materiality for BOQ. Explain why you have chosen this base and the percentage you have used.

Reference no: EM132992632

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