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Hi Sir,
Materiality bracket for e.g Total Assets is 1% – 2%, BUT what happens if the assets error is however 4%? Is it then material and pervasive ?
Thus: when is a material error pervasive?
Please see the answer I posted here https://opentuition.com/topic/dec-2016-cbe-auditors-report-how-is-tp-not-pervasive/
Pervasive is not a “degree of materiality” – it means the issue affects the financial statements as a whole.
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