Materiality is a Benchmark used to obtain reasonable assurance that an audit does not detect any material misstatement that can significantly impact the usability of financial statements.
source https://www.caclubindia.com/articles/materiality-and-its-relevance-in-audit-48112.asp
source https://www.caclubindia.com/articles/materiality-and-its-relevance-in-audit-48112.asp
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