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PRAKASH MATUPALLIPRAKASH MATUPALLI asked 4 months 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 ???

1 Answers
RaviRavi Staff answered 2 months 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)

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