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The lower the audit risk, the higher the materiality will be set. In terms of the Conceptual Framework (see "materiality in accounting" above), materiality also has a qualitative aspect. This means that, even if a misstatement is not material in "Dollar" (or other denomination) terms, it may still be material because of its nature.
Management audit is a systematic examination of decisions and actions of the management to analyse the performance. Management audit involves the review of managerial aspects like organizational objective, policies, procedures, structure, control and system in order to check the efficiency or performance of the management over the activities of the company.
To Uphold Bahasa Malaysia and To Strengthen English Language, or Dasar Memartabatkan Bahasa Malaysia dan Mengukuhkan Bahasa Inggeris (MBMMBI) 1 Student 1 Sport, or 1 Murid 1 Sukan; National Education Policy, or Dasar Pendidikan Kebangsaan; National Education Philosophy, or Falsafah Pendidikan Kebangsaan; Education System Chart, or Carta Sistem ...