Question: please answer i will give a good rate : One of the Big 4 CPA firms has developed the following table to assist its audit
please answer i will give a good rate :


One of the Big 4 CPA firms has developed the following table to assist its audit staff in determining planning materiality based on the greater of total assets or total sales. To illustrate application of the table, assume that a company has $12,670,000 of total assets and $20,520,000 of total revenue. Planning materiality would be calculated as described below: $85,500+.00460($20,520,000$10,000,000)=$133,892 Company A - Total revenue =$6,145,500 - Total Assets =$5,187,750 Company B - Total revenue =$24,145,500 - Total Assets =$22,099,750
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