Answer Posted / sohail
information is material if its omission or misstatement could influence the economic decision of users taken on basis of the financial statement.it depends on the size of item or error judged in particular circumstances of omission or misstatement..
Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
What is the mean of internal audit?
What are the different advantages and disadvantages of internal audit?
How do you feel u contributed to its effectiveness?
How to do an internal audit effectively?
What is external audit?
What Is Social Audit?
Who will audit an auditing firm?
what are the main tools of auditing?
for how much loan a borrower has to submit QIS
How does the internal audit differ from an external audit?
what is the difference you can make by doing your course in the country of your choice
Explain the before an audit processes?
What is an internal audit and what is the role of internal audit?
Explain the importance of evaluating an internal audit department?
Why does a systems auditor need to use professional judgement when selecting audit procedures?