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ISA 320 Materiality in planning and performing the audit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › ISA 320 Materiality in planning and performing the audit

  • This topic has 3 replies, 2 voices, and was last updated 8 months ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 25, 2024 at 6:21 pm #710347
    2004@2004
    Participant
    • Topics: 17
    • Replies: 20
    • ☆

    Good evening, Sir.

    Sir, when determining whether the balance is material, if we have come across a balance which is material in relation to the revenue but not material in relation to the profit before tax then how do we assess the materiality of the balance?
    Do we need to consider it as immaterial in relation to the profit before tax or material in relation to revenue?

    August 25, 2024 at 9:28 pm #710349
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8274
    • ☆☆☆☆☆

    See here https://opentuition.com/topic/macau-co

    August 26, 2024 at 6:15 am #710353
    2004@2004
    Participant
    • Topics: 17
    • Replies: 20
    • ☆

    Thank you, Sir

    August 26, 2024 at 7:05 am #710356
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8274
    • ☆☆☆☆☆

    You’re very welcome!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘ISA 320 Materiality in planning and performing the audit’ is closed to new replies.

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