For Profit entities, which range best represents overall materiality as a percentage of normalized profit before tax according to CAS320?

For Profit entities, which range best represents overall materiality as a percentage of normalized profit before tax according to CAS320?

• A. 3% to 7% of normalized profit before tax
• B. 1% to 3% of total assets
• C. 3% to 5% of equity
• D. 3% to 7% of revenues

Answer: (A)