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Materiality and Audit Report
How can you link between materiality and audit report?
Nishi Kanti Dey
- Jan 25th, 2009
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...
edlin
- Nov 24th, 2008
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...
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What are all the vital attributes present in an Audit Report?
edlin
- Nov 24th, 2008
The following are the vital attributes present in an audit report:-the report must be timely in order to be relevant-it must be factual or supported by concrete evidence-it must be material and significant
isha_mit
- Jul 17th, 2007
It should be based on fact,fair and on generally accepted accounting practice. It should not be based on assumptions, if any assumptions are used it should be clearly stated in the report. The report should be written in a language which is understandable to reportee.
