Please write a report as requested, but make sure its not paragraph densed and it has alot of bullet points, plus when creating the report make sure that you not only state what is materiality but also why Materiality is needed to taken serious in a work place.

As a staff member of Norton, Price, and Cummings, CPAs, you have been asked to prepare a report on "Materiality" that will be circulated to all staff as part of the firm's continuing education program. It has been suggested that the report should cover the definition of materiality, why the concept is important to auditing and howto measure it. You should also discuss any other aspects of materiality you find important.