Difference between revisions of "AAA.Materiality"
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| + | '''Question:''' When can a discrepancy be ignored? | ||
| + | '''Answer:''' When it is 'small enough' not to matter. ''(In other words, when it's not material.)'' Memorize the definition of materiality and considerations in selecting a materiality level. | ||
| + | |||
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Revision as of 17:17, 12 March 2019
Question: When can a discrepancy be ignored? Answer: When it is 'small enough' not to matter. (In other words, when it's not material.) Memorize the definition of materiality and considerations in selecting a materiality level.
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Based on past exams, the main things you need to know (in rough order of importance) are:
- this reading has not been tested on any exam from the year 2012 and subsequent
reference part (a) part (b) part (c) part (d) no prior questions
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