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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Materiality
One of the MCQ Test questions says that materiality is qualitative as well as quantative. Can you please explain this and give an example?
Thanks
For example, auditors would expect that directors’ emoluments are disclosed completely accurately. Not even a small error would be tolerated.
This is quantitative though?
But the quantity is not relevant – its is the quality of the error, not its quantity.
Right I see, as in this is something that we know should be 100% accurate so for it not to be is the quality part.