1. Home
  2. Question
  3. SA 450
Questions › Category: General Ques › SA 450
0 Vote Up Vote Down
PRAKASH MATUPALLIPRAKASH MATUPALLI asked 2 years ago

Sir
As Per SA 450 The Auditor shall evaluate misstatements identified during the course of audit other those that are TRIVIAL
What is the meaning of TRIVIAL ???

Question Tags:
1 Answers
0 Vote Up Vote Down
RaviRavi Staff answered 2 years ago

General meaning of Trivial is  Something which is less important Here it shall Mean  Misstatements which are not Material (Eg Auditor might not evaluate misstatements in  Nominal value /Petty cash Expenses)