What is meant by using benchmarks for setting a preliminary judgment about materiality? How will those benchmarks

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What is meant by using benchmarks for setting a preliminary judgment about materiality? How will those benchmarks differ for the audit of a manufacturing company and a government unit such as a school district?

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Auditing and Assurance services an integrated approach

ISBN: 978-0133125689

15th edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Question Posted: Dec 28, 2013 07:48 AM

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What is meant by using benchmarks for setting a preliminary judgment about materiality? How will those benchmarks

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Because materiality is relative rather than absolute i...View the full answer

Auditing and Assurance services an integrated approach

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