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Calculate preliminary judgement about materiality for year

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Problem (A). Using JB Hi Fi's 30 June 2019 Financial Statements, which are noted in their Annual Report from page 63 to page 104, calculate (show workings) a preliminary judgement about materiality for the year ending 30 June 2019 and include the justification for the basis that you have used for your calculation.

Problem (B). Explain why the concept of materiality is important for auditors.

Reference no: EM132613607

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