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Author: Gouranga Sutradher
Publisher:
ISBN:
Category :
Languages : en
Pages : 108
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Book Description
The concept of materiality is one of the most critical aspects in auditing both in terms of calculations and how it is interpreted in financial statements auditing. The Financial Accounting Standards Board acknowledges this by stating "If presentations of financial information are to be prepared economically on a timely basis and presented in a concise intelligible form, the concept of materiality is crucial". Notwithstanding its importance, the concept does not appear to be well understood nor the implications of its application in practice. This report examines the relevance of materiality judgments in financial statements auditing. Methods of calculating materiality are described. Research on materiality is reviewed, and the paper concludes with some suggestions for future research and for policy makers. The report discussed about the current materiality guidelines for external auditors and practices used by the auditors for calculating materiality in case of financial statements audit. A critical evaluation has been made from various perspectives of materiality calculation and both from quantitative and qualitative views. The process has been started by examining the context in which materiality is relevant, and the problems arising from applying the concept in practice. Definitions of materiality from legal, accounting and stock exchange sources are compared. The relevance of materiality to various accounting situations is discussed. Methods of calculating quantitative thresholds are described and illustrated. Prior research is reviewed, focusing on materiality thresholds, and on the materiality judgments of auditors, preparers and financial statement users. It also concludes with some suggestions for future research and for policy makers concerning this best kept accounting secret.
Author: Gouranga Sutradher
Publisher:
ISBN:
Category :
Languages : en
Pages : 108
Get Book Here
Book Description
The concept of materiality is one of the most critical aspects in auditing both in terms of calculations and how it is interpreted in financial statements auditing. The Financial Accounting Standards Board acknowledges this by stating "If presentations of financial information are to be prepared economically on a timely basis and presented in a concise intelligible form, the concept of materiality is crucial". Notwithstanding its importance, the concept does not appear to be well understood nor the implications of its application in practice. This report examines the relevance of materiality judgments in financial statements auditing. Methods of calculating materiality are described. Research on materiality is reviewed, and the paper concludes with some suggestions for future research and for policy makers. The report discussed about the current materiality guidelines for external auditors and practices used by the auditors for calculating materiality in case of financial statements audit. A critical evaluation has been made from various perspectives of materiality calculation and both from quantitative and qualitative views. The process has been started by examining the context in which materiality is relevant, and the problems arising from applying the concept in practice. Definitions of materiality from legal, accounting and stock exchange sources are compared. The relevance of materiality to various accounting situations is discussed. Methods of calculating quantitative thresholds are described and illustrated. Prior research is reviewed, focusing on materiality thresholds, and on the materiality judgments of auditors, preparers and financial statement users. It also concludes with some suggestions for future research and for policy makers concerning this best kept accounting secret.
Author: Nathalie Mitev
Publisher: Springer
ISBN: 3319661019
Category : Business & Economics
Languages : en
Pages : 419
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Book Description
This edited book examines the relationship between the materiality of artefacts and managerial techniques, combining the recent scholarly interest on socio-materiality with a focus on management. Exploring managerial techniques, the social and material tools used by actors to guide or facilitate collective activities, topics include their socio-materiality, performative dimension, role in managerial control, relationship to organisational space and relationship to organisational legitimacy. This volume particularly explores the valuation and legitimation practices or processes involving managerial techniques, their modalities, specificities and involvement in collective activity within organisations. The overall aim of the chapters is to explore in different ways and instances the way in which material artefacts are able to inscribe and enforce managerial action which affects daily work practices.
Author: R.ANANDA RAJU
Publisher: R.ANANDA RAJU
ISBN:
Category : Fiction
Languages : en
Pages : 277
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Book Description
This book aims to bridge the gap between complexity and accessibility, unraveling the intricate world of government auditing and accounting in an engaging and relatable manner. Through captivating fictional stories inspired by real-life auditors and accountants, we delve into their challenges, triumphs, and the critical role they play in upholding public trust. But this book isn't just for auditors and accountants—it's for every curious mind and passionate individual seeking a deeper understanding of how financial integrity is safeguarded within our government. It blends entertainment and education, taking you on a thrilling adventure filled with suspense, intrigue, and high-stakes action. Dear reader, I invite you not only to immerse yourself in these captivating narratives but also to apply the lessons learned to your own life. Let the stories inspire you to make a difference, whether you're a civil servant, a common citizen, or a professional in the audit and accounting field. Share the knowledge gained from this book with others, recommending it as a captivating and enlightening read that entertains while imparting valuable insights. Together, let's ignite a passion for transparency, accountability, and financial integrity. Let's celebrate the unsung heroes who diligently ensure the accuracy and transparency of our government's financial statements. By understanding their invaluable contributions, we can collectively create a brighter future for our financial systems. Thank you, dear reader, for embarking on this journey with us. Your presence and enthusiasm are greatly appreciated. Now, let's dive into the captivating world of government auditing and accounting and uncover the wonders that lie within its pages!
Author: United States Government Accountability Office
Publisher: Lulu.com
ISBN: 0359536395
Category : Reference
Languages : en
Pages : 234
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Book Description
Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.
Author: Jeffrey Ridley
Publisher: John Wiley & Sons
ISBN: 0470756276
Category : Business & Economics
Languages : en
Pages : 486
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Book Description
Cutting Edge Internal Auditing provides guidance and knowledge for every internal auditor, encouraging each to pioneer new ground in the development of their professional practices in all risk management, control and governance processes. Serving as an excellent reference guide that develops a pattern of internal auditing now and for the future, this book explores the concept of 'cutting edge' internal auditing as an imaginative adventure: demonstrating how this has influenced and will continue to influence the development of professionalism in internal auditing. Built on the foundations of Jeffrey Ridley's extensive internal auditing experience across the public and private sectors, the author uses his articles and research to explore and develop the motivations, goals and categories of innovation in internal auditing today. It develops and brings up to date an imaginative internal auditing model, created and used by the author in the early 1980s, drawing on research and guidance by The Institute of Internal Auditors Inc., its Research Foundation and the Institute of Internal Auditors - UK and Ireland. Each chapter stands alone by focusing on an individual internal auditing theme, considered from both the perspective of internal auditing and its customers to suggest an appropriate vision as a goal for every internal audit activity. Each chapter also includes self-assessment questions to challenge the readers understanding of its messages. Companion website contains some of the author's training slides and seventy case studies, many written by leading internal audit practitioners, this book creates a vision for future cutting edge internal auditing.
Author: Craig Deegan
Publisher: McGraw-Hill Education Australia
ISBN: 0071013148
Category : Business & Economics
Languages : en
Pages : 648
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Book Description
The much anticipated fourth edition of Craig Deegan's Financial Accounting Theory delivers authoritative and completely up to date material with the discussion of both existing theories and newer theories that have surfaced as financial reporting has become more international. This edition includes a new selection of modern 'Accounting Headlines' which provide current examples of organisations and individuals putting accounting theory into practice in both local and global settings. Financial Accounting Theory covers additional topics such as critical perspectives, public sector accounting and fair value. Workflows and processes are presented using enhanced visual charts to help demonstrate how accounting works in practice. Deegan presents the concepts in a clear and straightforward style, while challenging students to think critically about the range of accounting theories. Financial Accounting Theory provides a sound basis for readers contemplating further research and develops habits of analytical reasoning and critical thinking.
Author: Craig Deegan
Publisher: McGraw-Hill Education Australia
ISBN: 174307462X
Category : Business & Economics
Languages : en
Pages : 648
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Book Description
The much anticipated fourth edition of Craig Deegans Financial Accounting Theory delivers authoritative and completely up to date material with the discussion of both existing theories and newer theories that have surfaced as financial reporting has become more international. This edition includes a new selection of modern “Accounting Headlines” which provide current examples of organisations and individuals putting accounting theory into practice in both local and global settings. Financial Accounting Theory covers additional topics such as critical perspectives, public sector accounting and fair value. Workflows and processes are presented using enhanced visual charts to help demonstrate how accounting works in practice. Deegan presents the concepts in a clear and straightforward style, while challenging students to think critically about the range of accounting theories. Financial Accounting Theory provides a sound basis for readers contemplating further research and develops habits of analytical reasoning and critical thinking.
Author:
Publisher: Routledge
ISBN: 1136714014
Category :
Languages : en
Pages : 382
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Book Description
Author: International Accounting Standards Board
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
Author: Marc J. Epstein
Publisher: Routledge
ISBN: 1351276425
Category : Business & Economics
Languages : en
Pages : 346
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Book Description
The ultimate "how-to-do-it" guide for corporate leaders, strategists, academics, sustainability consultants, and anyone else with an interest in actually making sustainability work for organizations. An updated edition of a landmark book at a time when a growing number of corporate leaders are asking for urgent help in "getting this done".
