25 paragraphs found
… margin for possible undetected misstatements. Performance materiality (which, as defined, is one or more amounts) is … undetected misstatements in the financial report exceeds materiality for the financial report as a whole. Similarly, performance materiality relating to a materiality level determined for a …
… term has the meaning attributed below: Performance materiality means the amount or amounts set by the auditor at less than materiality for the financial report as a whole to reduce to … of uncorrected and undetected misstatements exceeds materiality for the financial report as a whole. If …
… If the auditor concludes that a lower materiality for the financial report as a whole (and, if applicable, materiality level or levels for particular classes of … determine whether it is necessary to revise performance materiality, and whether the nature, timing and extent of …
… Materiality for the financial report as a whole (and, if applicable, the materiality level or levels for particular classes of … end financial results that were used initially to determine materiality for the financial report as a whole, the auditor …
… Financial reporting frameworks often discuss the concept of materiality in the context of the preparation and … report. Although financial reporting frameworks may discuss materiality in different terms, they generally explain that: … on the basis of the financial report; Judgements about materiality are made in light of surrounding circumstances, …
… nature, timing and extent of further audit procedures. The materiality determined when planning the audit does not … auditor to evaluate them as material even if they are below materiality. It is not practicable to design audit …
… provides a frame of reference to the auditor in determining materiality for the audit. If the applicable financial … framework does not include a discussion of the concept of materiality, the characteristics referred to in paragraph 2 …
… Materiality relates to the financial report on which the … a new entity or a change in the financial reporting period, materiality relates to the financial report prepared for …
… the overall audit strategy, the auditor shall determine materiality for the financial report as a whole. If, in the … disclosures for which misstatements of lesser amounts than materiality for the financial report as a whole could … the financial report, the auditor shall also determine the materiality level or levels to be applied to those …
… The auditor shall determine performance materiality for purposes of assessing the risks of material …