In the accounting profession, the concept of materiality in financial reporting comes from two distinct areas: Generally accepted accounting principles (GAAP), and generally accepted auditing ...

The concept of materiality in the AICPA Professional Standards has been amended to match the description used by other standard setters and regulators in the United States. Under new standards issued ...

On the RTA side, the Sebi board has approved a new framework introducing activity-based regulation, under which only services provided to listed companies will fall under the regulator's purview, ...

Please note: This item is from our archives and was published in 2005. It is provided for historical reference. The content may be out of date and links may no longer function. The discussion of the ...

The Accounting Review, Vol. 87, No. 5 (SEPTEMBER 2012), pp. 1641-1677 (37 pages) This study Investigates how manager and auditor incentives, along with audit committee characteristics, are associated ...

The Public Company Accounting Oversight Board has voted to propose seven new auditing standards related to risk assessment. The proposed standards would supersede the board's interim auditing ...

The Overview addresses, among other things, categories of information and other factors that firms should consider when assessing materiality of prospective business initiatives. Broker-dealers often ...

Materiality is a term used in accounting and the law, in relation to information disclosed in financial statements that affects decisions made by the people who read them. Deciding whether something ...