About this document
Allocating Materiality in Audits by danor is a document available to read on EtoBox.
The purpose of allocating a preliminary judgment about materiality to balance sheet accounts is to help auditors decide the appropriate evidence to gather for each account. This aims to minimize audit costs without compromising quality. Auditors must be confident that the total misstatement in all accounts is equal to or less than the preliminary or revised materiality judgment. To estimate misstatement and compare to the preliminary judgment, auditors: 1) set the preliminary materiality judgment, 2) allo
- Author
- danor
- Language
- EN