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an information is said to be material if its omission or misstatement could influence the economic decision of users of the financial statements.the importance of checking for materiality in audit is to identify the areas that are highly material/risky at planning stage and decide on the kind of audit procedure one is going to perform in this areas to ascertain that they are free from error and that he have been presented truly and fairly
What else can I help you with?
What is the meaning of materialistic?
Of or pertaining to materialism or materialists; of the nature of materialism.
What is the law of atheistic materialism?
It's not a law. Materialism and atheism don't necessarily have anything to do with each other; theistic materialism exists, and the materialism part is still the same (it's incidental that there is or isn't a god involved). See "What is Materialism?" to better understand that part.
Which does not pertain to communism denial of family or denial of materialism?
Denial of materialism
Who wrote the book materialism?
The book Materialism was written by Jorie Graham.
Why was William Berkeley so important?
George Berkeley was important because his philosophy of immaterialism, fully refuted materialism.
What phobia is the fear of materialism?
Hylephobia is the name of the phobia related to the fear of materialism
How materialism affects Christianity?
Christianity looks down on materialism as an obstacle to spirituality.
What are the different types of materialism?
The different types of materialism are as follows:Economic materialism - the idea that the only thing that is important, in someones life, is owning possessions. An economic materialist would not care about family or trying to be 'happy' they would simply want the new ipod or the latest model of car.Mechanical materialism - the philosophy that the only thing that exists in the world is matter. A mechanical materialist would not believe in the mind and feelings they simply believe that physical is all that there is.
What is the reason for materialism?
Materialism is the belief that material possessions and wealth are important for happiness and success. People may be materialistic due to societal pressures, a desire for status or power, or a belief that material possessions bring security and fulfillment.
How do you use the word materialism in a sentence?
Materialism is the self-indulgent pursuit of acquiring possessions to the exclusion of helping others in need.
Is materialism a part of Buddhism?
Materialism in the relative sense is understood by Buddhists. Attachment and aversion to materialism is likely to lead to suffering as with any other composite phenomena.
When was Cutting Through Spiritual Materialism created?
Cutting Through Spiritual Materialism was created in 1973.
