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how can we set the Materality level for the Audit of Bank ,especially in case of Loan ,and how to make sample selection for the loan file
Performance materiality for the bank should be no different to performance materiality for any other balance in the financial statements. But because there will be relatively bank accounts/loans, etc the auditor would generally obtain external confirmation of all rather than sample (to sample 3 from 10 balances would not be sampling since you couldn’t draw a conclusion on so small a sample from so small a population).
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