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How Is Materiality Calculated? [Solved]
The materiality threshold is defined as a percentage of that base. The most commonly used base in auditing is net income (earnings / profits). Most commonly percentages are in the range of 5 – 10 percent (for example an amount <5% = immaterial, > 10% material and 5-10% requires judgment).
Audit: How to calculate Materiality?
How to
PWC TASK 3 CALCULATING MATERIALITY | VIRTUAL INTERNSHIP SOLUTIONS
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Module 2, V5 - Materiality Example
This video applies the concept of
