Define materiality and explain briefly the distinction between planning materiality and tolerable error.

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Define ‘materiality’ and explain briefly the distinction between planning materiality and tolerable error.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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Define materiality and explain briefly the distinction between planning materiality and tolerable error.

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Materiality is a fundamental concept in accounting and auditing It refers to the significance of an amount transaction or discrepancy The idea is that ...View the full answer

Principles Of External Auditing

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