Accounting
Sheet1
| Materiality Example | ||||
| Selected Banchmark | Operations | |||
| Revenue | 29,628,228 | |||
| Total Assets | - 0 | |||
| Overall Materiality (planning) | 444,423 | << Total allowable misstatement | ||
| Factor Selected | 1.5% | |||
| Performance Materiality (75% Overall) | 333,318 | << FS Line Item | ||
| Account Level Materiality (25% Performance) | 83,329 | << Account balance | ||
| Individually Significant Items (33% Account Level) | 27,499 | << e.g. invoice | ||
| Trivial (1% Performance) | 3,333 | << Pass at workpaper level |