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Materiality levels

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Materiality levels

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • March 27, 2017 at 3:29 pm #379370
    jerma
    Member
    • Topics: 25
    • Replies: 187
    • ☆☆☆

    Can you please advise on what the materiality levels or percentage is for revenue, assets and profit? Thank you.

    March 27, 2017 at 10:56 pm #379395
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    These seem to be commonly applied

    5% of pre-tax income;
    0.5% of total assets;
    1% of equity;
    0.5% of total revenue.

    OK?

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