GeekInterview.com
   Home |  Tech FAQ  |   Interview Questions |  Placement Papers |  Tech Articles |  Learn |  Freelance Projects |  Online Testing |  Geeks Talk |  Job Postings |  Knowledge Base | Site Search |  Add/Ask Question

  GeekInterview.com  >  Interview Questions  >  Accounting  >  Audit

 Print  |  
Question:  Materiality and Audit Report

Answer: How can you link between materiality and audit report?


January 01, 2009 06:56:58 #2
 Nishi Kanti Dey   Member Since: October 2008    Total Comments: 8 

RE: Materiality and Audit Report
 
There is an direct relationship between materiality and audit report, higher the materiality of an items the higher would be the audit risk which directly impact on the auditors report, keeping in view the materiality of an items they auditor has to show plan his audit so that the audit risk kept an acceptable low level which will support the auditor to give a reasonable assurance on the audit report.
     

 

Back To Question