Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are differences between accounting materiality and auditing materiality?

Auditing
user-image
Question added by Aye Thandar Aung
Date Posted: 2018/09/16
Upvote (0) Views (7) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Munaf Alsafar
by Munaf Alsafar , Current Job , CFIT

A nice question! the accounting Materiality importance means the extent of the importance of accounting errors that made during recording the vouchers procedures and their negative impact on extracting wrong accounting data , so it lead to wrong conclusions and decisions Managers and (BOD) As for the relative importance of materiality to the auditor , it is different between errors that are not of significance to financial situations, and thus the decision to settle / correct them depends on the material cost and effort and time !! while others Mistakes that are tangible errors with a significant negative impact,then it requires immediate treatment.

 

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help