Materiality

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June 1, 2014 at 4:38 pm #172380
Kanke
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The rule of thum for materiality I was taught for turnover is 1% – 2% but a friend of mine has 1/2% – 1%. please which is correct for calculating materiality for turnover/revenue? Thanks
June 1, 2014 at 5:57 pm #172421
MikeLittle
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Now I always thought that it was .5% – 1%

So I agree with your friend
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