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Elza [17]
3 years ago
14

Define what is meant by the phrase "planning materiality threshold"

Business
1 answer:
xz_007 [3.2K]3 years ago
7 0
<span>Define what is meant by the phrase "planning materiality threshold".

Planning materiality threshold is defined as the complete materiality level for the financial statements in internal control. The auditor will establish a materiality level that is best based on the situation regarding the nature, extent and timing of the audit procedures. </span>
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