Peculiarities of Determining the Materiality Level when Planning and Conducting an Audit of Public Non-financial Reporting of an Organization
https://doi.org/10.26794/2408-9303-2019-6-2-87-94
Abstract
Nowadays following the growing practice of generating public non-financial reporting, the regulatory framework for its formation is actively developing. The audit of such reporting is one of the main ways to improve the quality of the information disclosed. Though there exists an established audit practice and relevant performance standards are available, still there is a need for recommendations to determine the level of materiality when planning and conducting the audit of public non-financial statements of an organization. The article discusses the aspects that affect the materiality level and presents the recommendations that can be used to determine the materiality level.
About the Authors
D. M. Abdullin
Financial University, Moscow
Russian Federation
Damir M. Abdullin — postgraduate of the Accounting, Analysis and Audit Department
Russian Federation
Damir M. Abdullin — postgraduate of the Accounting, Analysis and Audit Department
I. D. Demina
Financial University, Moscow
Russian Federation
Irina D. Demina — Dr. Sci. (Econ.), Professor of the Accounting, Analysis and Audit Department
Russian Federation
Irina D. Demina — Dr. Sci. (Econ.), Professor of the Accounting, Analysis and Audit Department
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Review
For citations:
Abdullin D.M., Demina I.D. Peculiarities of Determining the Materiality Level when Planning and Conducting an Audit of Public Non-financial Reporting of an Organization. Accounting. Analysis. Auditing. 2019;6(2):87-94. (In Russ.) https://doi.org/10.26794/2408-9303-2019-6-2-87-94
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