I would say Peru. Incas were the largest empire in South America, they occupied a vast area which is now today known as Peru, Chili, Argentina and Bolivia....
Areas within the similar climate type that also have similar culture and language can be called regions. You can also hear the term 'regional climate' or 'micro climate'. For example, tropical wet and dry climates are sometimes called 'savanna' climates and can be detected in warmer regions that share simillar culture.
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.