Question: Comment on the statement that materiality is in the eye of the beholder. How does this statement relate to the discussion in the chapter of

Comment on the statement that materiality is in the eye of the beholder. How does this statement relate to the discussion in the chapter of how to gauge materiality in assessing financial statement restatements? Is materiality inconsistent with the notion of representational faithfulness?

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One of the definitions of materiality is that it is the amount that would cause an investor to change his mind about investing in a companyNormally a ... View full answer

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