ISSUES IN DETERMINING THE MATERIALITY LEVEL IN AUDIT FIRMS
DOI:
https://doi.org/10.5281/zenodo.20713624Abstract
This article provides an empirical analysis of the importance of identifying and assessing risk indicators
and materiality levels in organizing risk-based audits. The article also examines the criteria for determining materiality,
its quantitative and qualitative aspects, as well as the procedure for applying materiality at various stages of the audit. It
is substantiated that regular reassessment of the materiality level contributes to improving audit efficiency and reducing
audit risk.
Keywords
materiality, audit, risk, audit organizations, ISA 320, assets, profit, revenueReferences
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