Audit committee, a part of the Corporate Governance, which is consists of 3 non executive members of a company and this committee is necessary for public listed company, audit committee review the int...
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 vie...
Materiality is important in the issuance of audit report because materiality is one of the basis whether an audit procedure has to be done with the certain item/s in the financial statements, therefor...