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Auditors and Materiality

Auditors and Materiality There are many definitions of materiality and such differences indefinition show that there is great concern about the applicability ofmateriality in the auditing profession. Various materiality guidelineshave been recommended by both academic researchers and accountingbodies, but the Auditing Practices Board in the UK has yet to recommenda guideline of its own. Looks at the recommendations put forward bythose researchers and accounting bodies and the implications andpossible pros and cons of having structured guidelines by the auditingprofession in the UK. Concludes with a recommended materiality guidelinewhich the Auditing Practices Board should seriously consider and thepossibility of applying computerbased decision aids as a tool toimprove efficiency and effectiveness of decision making by the auditors. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

Auditors and Materiality

Gin Chong, H.
Managerial Auditing Journal , Volume 7 (5) – May 1, 1992
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0268-6902
DOI
10.1108/02686909210017865
Publisher site
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Abstract

There are many definitions of materiality and such differences indefinition show that there is great concern about the applicability ofmateriality in the auditing profession. Various materiality guidelineshave been recommended by both academic researchers and accountingbodies, but the Auditing Practices Board in the UK has yet to recommenda guideline of its own. Looks at the recommendations put forward bythose researchers and accounting bodies and the implications andpossible pros and cons of having structured guidelines by the auditingprofession in the UK. Concludes with a recommended materiality guidelinewhich the Auditing Practices Board should seriously consider and thepossibility of applying computerbased decision aids as a tool toimprove efficiency and effectiveness of decision making by the auditors.

Journal

Managerial Auditing Journal – Emerald Publishing

Published: May 1, 1992

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