Most practitioners allocate the preliminary judgement about materiality to balance sheet accounts rather than income statement accounts.

Name: Most practitioners allocate the preliminary judgement about materiality to balance sheet accounts rather than income statement accounts.
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This is because the balance sheet accounts represent assets, liabilities and equity which are usually more significant and inherently more material than income statement accounts which represent revenues and expenses.

Most Practitioners Allocate the Preliminary Judgement About Materiality to Balance