Considerations in Setting Materiality Level - Intended Users
why less rigorous means materiality standard is higher?
when we say rigorous, we meant strict right?
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why less rigorous means materiality standard is higher?
when we say rigorous, we meant strict right?
Comments
Yes less rigorous means less strict. If your materiality standard is 2000 vs 1000, then you are less rigorous. This means that you have a higher standard of materiality