TY  - CHAP
AB  - Abstract Part III reviews the uses and effects of materiality as an accounting, legal, audit, and managerial concept. After mentioning several uses of materiality as a legal concept and explaining the FASB’s proposed direction to avoid an accounting definition, it goes in depth to the differences in the respective definitions, applications, practical interactions, and different nature of the legal and accounting views. It then draws on the differences between audit and accounting uses of materiality.It counterbalances the interests and positions of the various stakeholders involved, such as investors, preparers, standard-setters, auditors, regulators, financial analysts, and other users of the financial statements. It shows that those who regulate, use, decide, and assess materiality are different subjects.Finally, the part capitalizes on the author’s vast experience in industry to theorize a plethora of alternative and complementary models of materiality with their pros and cons.
SN  - 978-1-78743-736-4, 978-1-78743-737-1/
DO  - 10.1108/978-1-78743-736-420171009
UR  - https://doi.org/10.1108/978-1-78743-736-420171009
AU  - Bellandi Francesco
PY  - 2017
Y1  - 2017/01/01
TI  - Actors and Models of Materiality
T2  - Materiality in Financial Reporting
PB  - Emerald Publishing Limited
SP  - 69
EP  - 112
Y2  - 2024/09/23
ER  -