SA 320 | What is Materiality in Auditing? | Materiality क्या है? | Basics of Audit By Neeraj Arora

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2024-07-08に共有
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In this video, we will discuss what is the meaning of Materiality and we will discuss it in general language.

The motive of this video is to make everyone understand in easy language what is done in Materiality.

SA 320 deals with the auditor's responsibility to apply the concept of materiality in planning and performing an audit of financial statements.

The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements and in forming the opinion in the auditor’s report.

Materiality is not always a matter of relative size. For example, a small amount lost by fraudulent practices of certain employees can indicate a serious flaw in the enterprise’s internal control system requiring immediate attention to avoid greater losses in future.

If you liked this video then you’ll definitely enjoy the detailed course of Audit by Neeraj Arora. We highly recommend you to check out courses on-

👉 CA Inter & CA Final Audit- www.edu91.org/
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コメント (21)
  • Hello @NeerajArora Aapki video se kafi kuch sikhne mila Aaj CA inter ke results me fail ho gya Demotivated toh nhi but apne aap se disappoint ho gya CA quit kar dia ab maine Life ki nahi shuruwat kar rha hu All the best everyone He is one of the best teacher
  • Acha tha sirji concepts revise ho jayengei jo pahle kar chukei hai woh bhi aur jo nahi kia unke barei mei thoda bahut pata chal jayega
  • @rahulsharmavv
    that's great sir .....aise videos aane lage toh maza aaa jaaye🔥
  • Really loved the conceptual clarity and pura concept bhi revise ho gaya tha!
  • Cant Thank enough to you sir.. By your notes, guidance, and everything you do for students.. I became CA Finalist after May24 Exams.💯 Big Thanks to you and Whole Edu91 team.🙏🙏
  • @lodharim4
    Yes it was moksh ki prapti wala revision. Maza aa gaya Waiting for another videos like this. Want to make playlist, so I can revise it whenever I want. Thank you sir 😊
  • yes this best pratical explain karnaaaaa lines ko explain karna best hai eshe he video bnaa deya karo bhout phele hogi
  • @Only1mp
    Assertion level par video laiyega sir
  • @niyantp
    I would give my 200% in Sept 2024 CA inter G - 1
  • auditor's opinion par video banao sir SA-705 aise he casual discussion kijiye please