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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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
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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