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Hello John
At approx 23:25 in lecture “Consolidations – Simple Groups Example 3”, you mentioned that a subsidiary can be excluded on the grounds of immateriality. My question is how is the materiality determined? …..would it be done in the same manner taught in F8?
Hi – it’s Mike, not John
Materiality, like beauty, is in the eye of the beholder. It could be that it’s only the auditor that stands between consolidation and the directors!
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