Materiality in audits of listed South African long‐term insurers

Abstract

Audits of long‐term insurers are complex, high‐risk engagements. The auditor’s consideration of materiality has a direct impact on the quality of such audits. So far, however, no research has been published on the application of materiality in audits of long‐term insurers. This study examines various aspects of planning materiality in the audits of listed South African long‐term insurers on the basis of responses to a questionnaire, taking into account issues identified from the literature reviewed. A number of recommendations are made on the basis of the findings. Largely on the basis of the results of this study, the South African Institute of Chartered Accountants has commissioned a project to revise existing guidance for auditors.

Citation

von Wielligh, S.P.J. (2005), "Materiality in audits of listed South African long‐term insurers", Meditari Accountancy Research, Vol. 13 No. 2, pp. 189-210. https://doi.org/10.1108/10222529200500019