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photoshop1234 [79]
4 years ago
15

Explain why materiality is important but difficult to apply in practice.

Social Studies
1 answer:
Nata [24]4 years ago
5 0
Materiality is important because if financial statements are materially misstated, users' <span>decisions might be affected, and therefore cause financial loss to them. It is difficult to apply because quite often there are different users of the financial </span>statments.
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