MATERIALITY - AN IMPORTANT METHOD AND TECHNIQUE FOR THE FINANCIAL AUDITING

Abstract

The purpose of this press article is:
- to address the application of materiality in nature as one of the best techniques that provides assurance in auditing the financial statements,
- to precise the concept of materiality and his definition,
- to explain the relationship and difference that exist between materiality and the auditing risk,
- to explain the procedures to be followed in determining the assurance factor,
- to prove that the best efficiency in auditing financial statements, can be achieved if we apply materiality in nature,
- to explain the nature of indicators and the method of calculating,
- to illustrate through a practical case the methodology for calculating the indicators of materiality in nature and to interpret the data in comparison of indicators.