Question: Using the codification 6. What is the SEC Staff guidance on the following question? May a registrant or the auditor of its financial statements assume

Using the codification

6. What is the SEC Staff guidance on the following question? May a registrant or the auditor of its financial statements assume the immateriality of items that fall below a percentage threshold set by management or the auditor to determine whether amounts and items are material to the financial statements?

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