[The following footnote was effective for interim periods within fiscal years beginning after December 15, 2002. It was deleted, effective for reviews of interim periods within fiscal years beginning on or after December 15, 2010. See PCAOB Release No. 2010-004.

Return to the current version.]

 

fn 20 Interpretation No. 4, “Considering the Qualitative Characteristics of Misstatements,” of section 312, Audit Risk and Materiality in Conducting an Audit, provides additional guidance on evaluating whether misstatements are material.