THE IMPORTANCE OF MATERIALITY IN AUDIT
THE IMPORTANCE OF MATERIALITY IN AUDIT
Author(s): Franca Dumitru (Mladin), Maria MoraruSubject(s): Economy
Published by: Editura Eurostampa
Keywords: audit; materiality; audit risk; estimated value of errors; financial statements
Summary/Abstract: In the context of globalization the need of information becomes more and more important. The information dominate the economical life of entities, the access to information being an absolute necessary condition for the business success. The auditors issue a kind of warranty certificate concerning the information contained in the financial or non/financial statements. The work makes a study of the determination method of materiality, of its importance in the audit process, it presents the relationship that exists between the materiality and the audit risk.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVIII/2012
- Issue No: 18
- Page Range: 266-272
- Page Count: 7
- Language: English