CCH Audit Automation
Materiality
The document outlines the process of using Audit Automation to calculate and review materiality figures for audits. It describes the calculation of up to four materiality factors, including a base figure and three alternatives, with the base figure being prioritized. Users can override calculated figures if deemed necessary, providing justifications for these adjustments. Additionally, it explains how performance and sampling materiality can be adjusted on a client-specific basis and includes the option to modify levels considered trivial. Overrides require a reason to be documented before saving changes.