- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
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.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.