The silver oxide cell is really the ideal successor to mercury batteries, and is superior in a number of ways. It has a higher capacity than mercury cells for a given size. These cells are rated at 1.55 volts. Their construction is very similar to mercury cells, the cathode material being the main difference. Advantages Constant voltage over its useful life. Contains no chemicals harmful to the environment. Basically superior in all ways over mercury cells.
Materiality is a key concept in accounting because it helps accountants and auditors in deciding which figures need separate reporting and what is the maximum amount above which errors or omissions should be avoided at all costs. Deciding whether a piece of information is material or not requires considerable judgment.
5. The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements and in forming the opinion in the auditorâs report.(Ref: Para.SA 450 1 explains how materiality is applied in evaluating the effect of identified misstat ements on the audit and of uncorrected misstatements, if any, on the financial statements. Materiality in the Context of an Audit 2.