Generally accepted auditing standards require that the auditor determine – and document in its work papers – a materiality level used in designing and evaluating the results of audit ...

Determining overall group materiality and materiality levels for individual components is becoming more of a hot-button issue as the number and complexity of large and international group audits ...

Marsha B. Keune, Karla M. Johnstone, Materiality Judgments and the Resolution of Detected Misstatements: The Role of Managers, Auditors, and Audit Committees, The ...

The auditor’s consideration of materiality is a matter of professional judgment and is affected by the auditor’s perception of the common information needs of the financial statements. The new ...

The proposed standards cover the auditor's responsibilities for reducing audit risk to an appropriately low level, audit planning and supervision, identifying and assessing the risks of a material ...

The American Institute of Certified Public Accountants (“AICPA”) Auditing Standards Board issued Statement on Auditing Standards No. 138 and Statement on Standards for Attestation Engagements ...