Some audit firms develop very specific quantitative guidelines, either through quantitative measures or in tables, relating planning materiality to the size of sales or assets for a client. Other audit firms leave the materiality judgments up to the individual partner or manager in charge of the audit. What are the major advantages and disadvantages of each approach? Which approach do you favor? Explain.

We can handle this paper for you

We Guarantee ZERO Plagiarism ZERO AI

Done by Professional writers from scratch