| View all free ACCA F8 lectures >> | This lecture is based on OpenTuition F8 slides, view or download here>> |
| View all free ACCA F8 lectures >> | This lecture is based on OpenTuition F8 slides, view or download here>> |
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Is a perticular misstatement have a significant efect on infuence on financial statement than the misstatement is material.
And can be determined by apply substantive procedure or by simply using common sense..
@nomi003, Rubbish
@gromit, Don’t hold back Gromit! Tell it as it is
how is materiality determined?
Is a perticular misstatement have a significant efect or infuence on financial statement than the misstatement is material.
And can be determined by apply substantive procedure or by simply using common sense
@georgie2000, materiality has a very specific definition: A misstatement is material if it is likely to alter the economic decisions a user of the financial statements. Ultimately, deciding whether a misstatement is material or not is a matter for the audit partner’s judgement
good stuff, many thanks
i have listened many lectures and all are good bt this one is not working..
Thanks for spotting it,
it is now fixed
this video is not working. I have tried this a few times now.