PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK
The purpose of this article is to present the issues of materiality andaudit risk within the activity of financial audit. The concepts of materiality and audit risk aredescribed from a theoretical perspective, providing approaches found within the national andinternational literature and within the...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2010-01-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/anale/economie/pdf/20100221.pdf |
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| _version_ | 1849721346978742272 |
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| author | ANA MARIA JOLDOŞ IONELA CORNELIA STANCIU GABRIELA GREJDAN |
| author_facet | ANA MARIA JOLDOŞ IONELA CORNELIA STANCIU GABRIELA GREJDAN |
| author_sort | ANA MARIA JOLDOŞ |
| collection | DOAJ |
| description | The purpose of this article is to present the issues of materiality andaudit risk within the activity of financial audit. The concepts of materiality and audit risk aredescribed from a theoretical perspective, providing approaches found within the national andinternational literature and within the specific legislation. A case study on the calculation ofmateriality and audit risk for an entity is presented in the last part of the article. Through thetheoretical approach and the case study, it was concluded that materiality has an importantrole in determining the type of report to be issued, that is why it can be considered helpful forthose involved in the audit process. |
| format | Article |
| id | doaj-art-235c954f2ca84fa2b3269f4cba507acd |
| institution | DOAJ |
| issn | 1582-5949 |
| language | English |
| publishDate | 2010-01-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj-art-235c954f2ca84fa2b3269f4cba507acd2025-08-20T03:11:40ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492010-01-01X2225238PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISKANA MARIA JOLDOŞIONELA CORNELIA STANCIUGABRIELA GREJDANThe purpose of this article is to present the issues of materiality andaudit risk within the activity of financial audit. The concepts of materiality and audit risk aredescribed from a theoretical perspective, providing approaches found within the national andinternational literature and within the specific legislation. A case study on the calculation ofmateriality and audit risk for an entity is presented in the last part of the article. Through thetheoretical approach and the case study, it was concluded that materiality has an importantrole in determining the type of report to be issued, that is why it can be considered helpful forthose involved in the audit process.http://www.upet.ro/anale/economie/pdf/20100221.pdfauditstatutory auditmaterialityaudit riskopinionaudit reportfinancial statements |
| spellingShingle | ANA MARIA JOLDOŞ IONELA CORNELIA STANCIU GABRIELA GREJDAN PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK Annals of the University of Petrosani: Economics audit statutory audit materiality audit risk opinion audit report financial statements |
| title | PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK |
| title_full | PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK |
| title_fullStr | PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK |
| title_full_unstemmed | PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK |
| title_short | PILLARS OF THE AUDIT ACTIVITY: MATERIALITY AND AUDIT RISK |
| title_sort | pillars of the audit activity materiality and audit risk |
| topic | audit statutory audit materiality audit risk opinion audit report financial statements |
| url | http://www.upet.ro/anale/economie/pdf/20100221.pdf |
| work_keys_str_mv | AT anamariajoldos pillarsoftheauditactivitymaterialityandauditrisk AT ionelacorneliastanciu pillarsoftheauditactivitymaterialityandauditrisk AT gabrielagrejdan pillarsoftheauditactivitymaterialityandauditrisk |