What is materiality? What effect does it have upon the conduct of audits of financial statements?

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What is “materiality”? What effect does it have upon the conduct of audits of financial statements?

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Internal Auditing: Principles And Techniques

ISBN: 9780894131677

1st Edition

Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke

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Question Posted: May 06, 2024 11:00 AM

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What is materiality? What effect does it have upon the conduct of audits of financial statements?

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Materiality refers to the concept used in auditing to determine the significance or importance of an item event or information in relation to the financial statements It helps auditors assess whether ...View the full answer

Internal Auditing: Principles And Techniques

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