Is Materiality a concept for audit or accounting ?

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What's the Difference Between Auditing & Accounting ?
Posted by:
mohammed Elamine khebbache
21-December-2018

Accounting Auditing Internal Audit

Question added by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date Posted: 2014/02/08

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2 Answers

by Deleted user

widly used in audit but also sometimes used in finance

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MAJOUL Fadhel - CPA- CIA-CFE-CRMA-CISI

by MAJOUL Fadhel - CPA- CIA-CFE-CRMA-CISI , Consulting role related to Internal Audit , Dublin Investment & Management of Health Services Co

Mostly used by external auditors when auditing the FS to define the thresholds of misstatements.

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