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Accounting Information Systems

10th Edition
Hall + 1 other
ISBN: 9781337619202

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BuyFindarrow_forward

Accounting Information Systems

10th Edition
Hall + 1 other
ISBN: 9781337619202
Textbook Problem

Explain the concept of materiality.

To determine

Discuss the concept of materiality.

Explanation

Materiality:

Materiality is defined as the significance of an economic event, account balance, business transaction, errors and omissions pertinent to business operations.

Concept of materiality explains that any significant information which can lead to change in the audit opinion of an auditor should be properly disclosed...

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