Forums
Back
Auditing
What is Performance Materiality?
Lalit Sanpal
CA Final
★ 6K+
05-Oct-21 13:58
585
Answers (1)
Best Answer
Amount set by the auditor at less than the overall materiality level in order to reduces the probability that the aggregate amount of uncorrected and undetected misstatements may exceeds the materiality level for the FS as a whole.
Himanshu Somani
★ 97K+
05-Oct-21 16:56
Attach
