materiality ?

Does this mean when something in significant in the financial statements they can't miss it out ?

Comments

  • hal978hal978 LondonPosts: 110Registered
    In simple terms yes, but the correct definition is: information is material if omission or misstatement could influence the decisions that users make on the basis of financial information about a specific reporting entity
    AAT Affiliate (2018):
    AQ2013:
    Financial Statements - 92% | Budgeting - 78%
    Financial Performance - 88% | Personal Tax - 93%
    AQ2016:
    External Auditing - 86% | Synoptic Assessment - 70% / 93%

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