The impact of materiality : accounting’s best kept secret
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|Title:||The impact of materiality : accounting’s best kept secret||Authors:||Brennan, Niamh
Gray, S. J.
|Permanent link:||http://hdl.handle.net/10197/2929||Date:||2005||Abstract:||This paper comprises a review of the literature on materiality in accounting. The paper starts by examining the context in which materiality is relevant, and the problems arising from applying the concept in practice. Definitions of materiality from legal, accounting and stock exchange sources are compared. The relevance of materiality to various accounting situations is discussed. Methods of calculating quantitative thresholds are described and illustrated. Prior research is reviewed, focussing on materiality thresholds, and on the materiality judgements of auditors, preparers and financial statement users. The paper concludes with some suggestions for future research and for policy makers concerning this best kept accounting secret.||Funding Details:||Not applicable||Type of material:||Journal Article||Publisher:||Asian Academy of Management (AAM) and Penerbit Universiti Sains Malaysia||Journal:||Asian Academy of Management Journal of Accounting and Finance||Volume:||1||Start page:||1||End page:||31||Keywords:||Materiality definitions; Materiality thresholds; Materiality rules of thumb; Materiality judgments||Subject LCSH:||Materiality (Accounting)--Research||Other versions:||http://web.usm.my/journal/aamjaf/vol%201/1-1.pdf||Language:||en||Status of Item:||Peer reviewed|
|Appears in Collections:||Business Research Collection|
UCD RePEc Archive Collection
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