...Lynn Turner; Thomas R. Weirich SUMMARY The concept of materiality has long been a basic feature in U.S. securities laws and regulations. With the current global and U.S. efforts to develop new disclosure standards for environmental, social, and governance, a debate has emerged regarding...

...F. Todd DeZoort; Travis P. Holt; Jonathan D. Stanley SUMMARY Materiality remains a challenging concept for auditors to implement in practice. The challenges underlying auditor materiality assessments are compounded by the fact that materiality is typically defined from the investor’s...

... electronically transferred. The client's explanation for the differences seemed reasonable, and because the amounts were beneath financial statement materiality, an adjusting entry was not required. A $685K difference and still deemed to be immaterial? You had studied the concept and calculation...

... Seidel, Sarah Stein, and participants of the 2018 AAA Teaching, Learning, and Curriculum Midyear Meeting for helpful feedback and suggestions. Supplemental material can be accessed by clicking the link in Appendix B. Editor's note: Accepted by Lisa Milici Gaynor. December 2018 June...

... Value Estimates: Implications for Audit Assurance” ( Christensen et al. 2012a ), we examine estimates reported by public companies and find that estimates based on management's subjective models and inputs contain estimation uncertainty that is many times greater than typical audit materiality. We do...