Search results
Results from the WOW.Com Content Network
This materiality is referred to as "final materiality". ISA 320, paragraph 11, requires the auditor to set "performance materiality". ISA 320, paragraph 9, defines performance materiality as an amount or amounts that is less than the materiality for the financial statements as a whole ("overall materiality").
ISA 320 Audit Materiality is one of the International Standards on Auditing. It serves to expect the auditor is to establish an acceptable materiality level in design the audit plan . Materiality: The amount by which the Financial Statements must change in order to change the decisions made by users of the Financial Statements.
However, certain substances, water for example, contain unique angular structures at the molecular level. As such, when these substances reach temperatures just above their freezing point, they begin to expand, since the angle of the bonds prevent the molecules from tightly fitting together, resulting in more empty space between the molecules ...
Depending on its immateriality or materiality, restricted cash may be recorded as "cash" in the financial statement or it might be classified based on the date of availability disbursements. Moreover, if cash is expected to be used within one year after the balance sheet date it can be classified as " current asset ", but in a longer period of ...
Materiality (digital text), refers to the physical medium used to store and convey the text; Materiality (law), a legal term that has different meanings depending on context; Materiality (social sciences and humanities), the notion that the physical properties of a cultural artifact have consequences for how the object is used
Conversion and its related terms yield and selectivity are important terms in chemical reaction engineering.They are described as ratios of how much of a reactant has reacted (X — conversion, normally between zero and one), how much of a desired product was formed (Y — yield, normally also between zero and one) and how much desired product was formed in ratio to the undesired product(s) (S ...
In order to increase the calculation speed for viscosity calculations based on CS theory, which is important in e.g. compositional reservoir simulations, while keeping the accuracy of the CS method, Pedersen et al. (1984, 1987, 1989) [17] [18] [2] proposed a CS method that uses a simple (or conventional) CS formula when calculating the reduced ...
Water content or moisture content is the quantity of water contained in a material, such as soil (called soil moisture), rock, ceramics, crops, or wood. Water content is used in a wide range of scientific and technical areas, and is expressed as a ratio, which can range from 0 (completely dry) to the value of the materials' porosity at ...