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Performance Materiality

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CA Mukesh Mishra

CA Mukesh Mishra (Querist)

25 February 2011 Sir,

i want to know about "Performance Materiality"

Please Let me Know.

Thanks

PINKESH JAIN

PINKESH JAIN (Expert)

25 February 2011 Performance materiality is a % of overall materiality after giving a haircut (generally haircut is between 25%-50% of Overall materiality). Performance materiality is used for individual Financial statement line item i.e.mistakes below the performance materiality can be ignored, where as overall materiality is considered for entity as a whole.

CA Deepak Bora

CA Deepak Bora (Expert)

16 May 2020 Hi Mishraji, you can find the application of Performance materiality at
www.deepakbora.com along with videos and text. Once you go through it u will be able to understand the concept.
Please feel free to contact me if you have any questions via queries

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