Sa 320 querry

Ravi Duseja (Article) (132 Points)

13 February 2013  

Dear Experts,

a) Please explain me the concept of Performance Materiality ?

How it is determined & its Uses or Purpose for which it is determined ?

 

b) How materiality is determined Practically in statutory Audit ???

i gone thtrough the relevant SA 320 but i dont expect theoretical answer.  Pleasae explain me in Practical how it is determined