New materiality statement in Q1 by the partner (Exhibit 1)

From Sept 22 exams you will see a statement by the partner in exhibit 1 which is the email from the partner to the audit manager, requesting the materiality to be based on a certain factor. e.g. profit. Student should then detemine materiality on this factor for answer the entire Q1. This extract of video from my AAA Sept 22 webianar day 2, give guidance on how to deal with it