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Can anyone please explain how might the materiality threshold level set for negative deviations differ between a small and large business?
Thank you, I read this before, and a lot of other links about materiality but I’m still confused. It is not about auditing, it is about budgeting and variance analysis and I still don’t understand what means to set the materiality threshold for a negative deviation,
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dear just read out the theory of materiality from your text book u will definately understand easily
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