You have established your performance materiality for accounts payable and revenue; now you must determine the posting materiality for individual items. The materiality judgement is at 4%. What is the posting materiality? Show your work. Your work should look like: APPROPRIATE AMOUNT x MATERIALITY JUDGEMENT = POSTING MATERIALITY
You have established your performance materiality for accounts payable and revenue; now you must determine the posting materiality for individual items. The materiality judgement is at 4%. What is the posting materiality? Show your work. Your work should look like: APPROPRIATE AMOUNT x MATERIALITY JUDGEMENT = POSTING MATERIALITY
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 19MC: At what point does revenue recognition occur? A. When the purchase order is received B. When the...
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You have established your performance materiality for accounts payable and revenue; now you must determine the posting materiality for individual items. The materiality judgement is at 4%. What is the posting materiality? Show your work.
Your work should look like:
APPROPRIATE AMOUNT x MATERIALITY JUDGEMENT = POSTING MATERIALITY
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