Features - The CPA Journal Millennium Series - Probability and Materiality - The relationship between probability and materiality is described so imprecisely in U.S. and international standards that applying a consistent treatment is virtually impossible. The authors propose building a likelihood dimension into accounting guidance that can form a basis for international convergence.
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|Authors:||Price, Reneé; Wallace, Wanda A.|
The CPA journal. - New York, NY : New York State Soc. of Certified Public Accountants, ISSN 0094-2049, ZDB-ID 8606109. - Vol. 71.2001, 6, p. 18-25
Focus on Material Terminology - How Does Material Differ From Significant, Important and Substantial? Time For Clarification - Different terms have emerged with unclear linkages to materiality, creating conflicts in external financial reporting by governments and in the auditing of these reports.
Price, Reneé, (2001)
Monsen, Norvald, (1997)
Wallace, Wanda A., (2006)
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