Definition: Performance materiality (PM) is a quantitative value which ensures that the aggregate amount of uncorrected and undetected misstatements shall not exceed the materiality level for the financial statements as a whole. Refer below to understand this statement … [Read more...] about Performance Materiality Definition, Example, and Calculations
Audit
Another word for Auditing
What to know Another word for Auditing? Read on to find out more. Auditing means verification of books of accounts. So, the auditor verifies if the financials are free from errors. The following words are used as synonyms for the word audit. … [Read more...] about Another word for Auditing
