SA 320

Auditing

Why it is said that there is an inverse relationship between audit risk and materiality?

Sreelakshmi P V

CA Final

★ 7K+

24-May-21 11:57

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Answers (4)

Higher the materiality level, lower will be the audit risk and viceversa

Yoga Vishnu

CA Final

★ 11K+

24-May-21 12:39

Thankyou sir

Thread Starter

Sreelakshmi P V

CA Final

★ 7K+

24-May-21 12:49

If materiality is more then auditor try to get more evidence. So when he get more evidence the chances of audit risk will be lower .

bsai partish

CA Final

★ 2K+

24-May-21 15:35

Thankyou

Thread Starter

Sreelakshmi P V

CA Final

★ 7K+

24-May-21 16:03

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SA 320

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