Question: q23, please please help me thank you (a) Define the concept of materiality as it relates to auditing and explain why it is important. (5

q23, please please help me thank you (a) Define the concept

of materiality as it relates to auditing and explain why it is

q23, please please help me thank you

(a) Define the concept of materiality as it relates to auditing and explain why it is important. (5 marks) (b) Identify the two levels of materiality that are important in audit planning and indicate the reasons for each level being important. ( 5 marks) (a) Define the concept of materiality as it relates to auditing and explain why it is important. (5 marks) (b) Identify the two levels of materiality that are important in audit planning and indicate the reasons for each level being important. ( 5 marks)

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