...Mohamed Abdel Aziz Hegazy; Samar Salama Purpose The purpose of this paper is to investigate the effect of qualitative materiality factors on auditors’ assessment of materiality and the determination of the type of the auditors’ reports. This paper also analyzes whether differences in personal...

...Keith A. Houghton; Christine Jubb; Michael Kend Purpose This paper seeks to focus on the issue of materiality judgements and the need for public disclosure of materiality levels. Insights about the concept of materiality are drawn from the words of users of audited financial reports, auditee...

... risk and materiality. Differences between international and US guidance would imply that the two sets of standards require different levels of audit work; this situation would be a concern to investors and auditors. Similarities in the international and US standards would suggest consensus regarding...

...Takiah M. Iskandar The absence of clear guidelines as to how materiality should be judged has created problems for accountants and auditors, and resulted in risks to users of financial statements. Results of past research indicate a great lack of consensus within a judgement group (e.g. auditors...

..., the importance of the quality of the format should not inhibit the use of objective reasoning. Pincus[ 14 ] extended this avenue of analysis by examining the efficacy of using a red‐flag questionnaire to assess the risk of material fraud (a structured audit approach). She found that the use...

... flags approach to develop a conceptual model that assesses the probability of material fraud occurrence. The authors concluded that the auditor’s evaluation of the client’s control environment during the planning of the audits is critical in order to assess the likelihood of material fraud in financial...

..., has been scant, especially with regard to the relationship of auditors′ assessment of materiality and risks of fraudulent financial reporting. Reports the results of an empirical study examining the reporting decisions of audit seniors and audit managers related to a client′s decision to change four...

...Mort Dittenhofer Describes the strategy to be used for internal audit engagements,including: the selection of the audit′s objective; developing the basic plan to achieve the objective; consideration of such aspects as risk and materiality; anticipation of potential technical problems; alternative...

...H. Gin Chong There are many definitions of materiality and such differences in definition show that there is great concern about the applicability of materiality in the auditing profession. Various materiality guidelines have been recommended by both academic researchers and accounting bodies...