AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 3, Problem 3.13RQ
To determine

Concept Introduction:

Materiality is a level at which an amount or transaction is considered relevant for the purpose of audit. Auditor provides his opinion on the basis of examination of material items. The auditor examines all the items with a value higher than the materiality level.

To indicate: The circumstances where total assets/ revenue might be better bases to calculate materially.

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