©2012 Prentice Hall Business Publishing, Auditing 14/e, Arens/Elder/Beasley 5 - 5 Materiality and Risk…

Embed Size (px)

DESCRIPTION

©2012 Prentice Hall Business Publishing, Auditing 14/e, Arens/Elder/Beasley Materiality  Major consideration in determining the appropriate audit report  Referenced in audit report’s scope paragraph  What is meant by the term “material”?