Materiality In Financial Reporting

Author: Francesco Bellandi
Publisher: Emerald Group Publishing
ISBN: 1787438430
Size: 42.89 MB
Format: PDF, Docs
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This book offers an integrated perspective of materiality from the different angles of accounting, auditing, internal controls, management commentary, financial analysis, management control, forensic analysis, sustainability reporting, ...

The Integrated Reporting Movement

Author: Robert G. Eccles
Publisher: John Wiley & Sons
ISBN: 1118993748
Size: 26.23 MB
Format: PDF, Mobi
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Thephrase“entity-specific”is used in the Financial Accounting Standards Board
definition of materiality. “Information is material if omitting it or misstating it could
influence decisions that users make on the basis of the financial information of a
specific reporting entity. In other words, materiality is an entity-specific aspect of
relevance based on the nature or magnitude or both of the items to which the
information relates in the context of an individual entity's financial report.
Consequently ...

The Audit Committee Handbook

Author: Louis Braiotta, Jr.
Publisher: John Wiley & Sons
ISBN: 0470616075
Size: 52.28 MB
Format: PDF, ePub, Mobi
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Louis Braiotta, Jr., R. Trent Gazzaway, Robert Colson, Sridhar Ramamoorti.
Materiality With respect to materiality, the FASB indicates: Individual judgments
are required to assess materiality in the absence of authoritative criteria or to
decide that minimum quantitative criteria are not appropriate in particular
situations. The essence of the materiality concept is clear. The omission or
misstatement of an item in a financial report is material if, in the light of
surrounding circumstances, the ...