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Octagon Limited has revenue of $1 billion and Superior Sales Limited has revenue of $5 million. The auditors of both companies unearthed a misstatement of

Octagon Limited has revenue of $1 billion and Superior Sales Limited has revenue of $5 million. The auditors of both companies unearthed a misstatement of $2 million.

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Comment on the materiality of the misstatement in both companies?

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