20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

materiality by nature

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
October 4, 2016 at 8:23 pm #342403
Muslim Farooque
Member
- Topics: 190
- Replies: 134
how do we judge whether something is material by nature? and could you sir give handful of examples for it,
October 4, 2016 at 9:03 pm #342404
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10583
You won’t have to judge very much at F8, but examples are:
1 Directors’ emoluments. No reason why these should not be precise.
2 Cash at bank.
3 A small profit being reported instead of a small loss. This can give unjustified hope.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.