Question
1. Define the term materiality 2. The concept of materiality is considered to have a Qualitative dimension. Explain what is meant by this term, give
1. Define the term "materiality"
2. The concept of materiality is considered to have a "Qualitative" dimension. Explain what is meant by this term, give an example.
3. Briefly explain the relationship between "materiality" and the amount of audit work (I.e. evidence) done on an audit.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
