TY  - CHAP
AB  - Abstract Part VI illustrates different approaches concerning the processes and methods that an entity can establish to determine materiality. Given the highly subjective nature of materiality assessments, proper processes, systems, and methodologies are at the forefront of the recent and future developments in this area.The part divides the processes analyzed into four groups: (1) those that derive from accounting approaches, including the recent IASB’s four-step approach; (2) audit-derived models, generally elaborated from techniques to detect material misstatements; (3) risk-based approaches employed in risk management or in internal control over financial reporting; and (4) approaches derived from larger models involving financial, management, environmental, and corporate responsibility factors.Finally, two sections deal with the disclosure of materiality determination, one concerning the process employed by an entity, and the second concerning general model disclosures of material matters.
SN  - 978-1-78743-736-4, 978-1-78743-737-1/
DO  - 10.1108/978-1-78743-736-420171014
UR  - https://doi.org/10.1108/978-1-78743-736-420171014
AU  - Bellandi Francesco
PY  - 2017
Y1  - 2017/01/01
TI  - The Materiality Determination Process
T2  - Materiality in Financial Reporting
PB  - Emerald Publishing Limited
SP  - 301
EP  - 323
Y2  - 2024/04/23
ER  -