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.
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|Authors:||Price, Reneé ; Wallace, Wanda A.|
The government accountants journal : financial management in the public sector. - Alexandria, Va., ISSN 0883-1483, ZDB-ID 7166801. - Vol. 50.2001, 4, p. 42-51
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.
Price, Reneé, (2001)
Wallace, Wanda A., (1994)
Christensen, Theodore E., (2002)
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