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EMPIRICAL STUDY ON THE IMPLICATIONS OF QUALITATIVE FACTORS IN MAKING DECISIONS RELATED TO THE MATERIALITY LEVEL: THE CASE OF ROMANIA
Irimie Emil Popa
Georgeta Span
Madalina Dumitru
Valentin Florentin Dumitru
Crina Loana Filip
Sažetak
The paper aims to present the importance of qualitative
factors in determining the materiality level in an
audit mission. According to the literature a quantitative
approach of materiality is insufficient for appropriate
decisions, therefore it is required a more serious
treatment of this issue. Data collected in the research
were processed using the Ordered Logit Model, and
the results showed that there is a significant correlation
between the materiality level and the sectors in
which the audited companies operate, the auditor’s
experience in the field and the longevity of the relationship
with the client. There is no any correlation
between the materiality level and the needs of the users
of financial statements or the management objectives.
Ključne riječi
Materiality level; auditing; qualitative factors; quantitative benchmarks
Hrčak ID:
113961
URI
Datum izdavanja:
1.12.2013.
Posjeta: 3.214 *