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MATERIALITY

Isn't the planning material also a revision of materiality? What if materiality is 1.5 lakhs and the transactions are within limit but after adding an acc balance(low amount) to that, the cumulative materiality level crosses a bit, would that balance be Considered material?


Darshan Sharma

Darshan Sharma

CA Inter

140

28-Mar-21 13:12

51

Answers (1)

It would be material in aggregate.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Mar-21 15:31

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