Materiality in the Context of an Audit

rancangan soal

Finansial reporting framework soften discuss the concept of materiality in the context of the preparation and fair presentation of financial statements. Although financial reporting frameworks may discuss materiality in different terms,they generally explain that

• misstatements, including omissions, are considered to be material if they, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users made on the basis of the financial statements.

• judgments about materiality are made inlight of surrounding circumstances and are affected by the size or nature of a misstatement, or a combination of both.

• judgments about matters that are material to users of the finansial statements are based on aconsideration of the common financial information needs of users as a group. The possible effect of misstatements on specific individual users, whose needs may vary widely,is not considered.

please click pdf file materiality

Hardiwinoto Muchtar

Hardiwinoto adalah seorang peneliti ekonomi, dosen, kolomnis, dan pegiat sosial. Kegiatan yang dilakukan terkait dengan koleksi buku-buku ilmu pengetahuan, ekonomi, politik, sastra dan sejarah.

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