The external auditor of a PBE is auditing the income for the year. The level of materiality
Question:
The external auditor of a PBE is auditing the income for the year. The level of materiality is set at €1 million. The total income is €50 million. Within this total, there was €47.5 million of government grants. All those grant claims and receipts have been checked and verified. Does the auditor need more evidence to be assured of the income figure?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The auditor has verified 95 per cent of the 50 million income This i...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3+ Reviews
10+ Question Solved
Related Book For 
Financial Management And Accounting In The Public Sector
ISBN: 9781032157306
3rd Edition
Authors: Gary Bandy
Question Posted:
