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Shubham MangalShubham asked 5 years ago
7 Answers
RaviRavi Staff answered 5 years ago

clearly trivial means very small 1% to 5% of materiality value, such misstatements below this amount should be ignored.
performance materiality is 50% to 90% of original materiality , so that audit team is conservative and cautious while designing and performing audit procedures

Auditaudit Staff answered 5 years ago

Sir these three concepts are not clear clearly trivial performance Materiality and materiality

Auditaudit Staff answered 5 years ago

Suppose if we take eg of reliance fst how can we decide materiality

Auditaudit Staff answered 5 years ago

400000crores TO

Auditaudit Staff answered 5 years ago

Which u hv included in ur classes in disclosures. Of segment info

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