alleryStart learning →The amended IFRS definition of materiality is effective from which date?
A1 July 2018
B1 April 2015
C1 January 2010
D1 January 2020
Answer & Solution
Correct answer: D. 1 January 2020
The amended definition of materiality in IAS 1 and IAS 8 took effect from 1 January 2020.
Keep practising Audit Strategy, Planning and Programme
Browse all Audit Strategy, Planning and Programme questions for CA Inter, or explore more Auditing topics.
Related questions
In India, secretarial auditors are members of which institute?An external auditor, though paid by the company, should be regarded as what?An audit provides only what level of assurance that statements are free from error?Audit data analytics lets the auditor examine what?A third party's reply to the auditor about an assertion is which procedure?Watching an employee count products in a warehouse is which procedure?The higher the risk of material misstatement, the more evidence the auditor should do whatAppropriateness of audit evidence depends on relevance and what?