The importance and necessity of determining the level of materiality in audits

Authors

  • M.Nizekeev Independent researcher Tashkent State University of Economics, Uzbekistan
  • O. Nizomov Independent researcher Tashkent State University of Economics, Uzbekistan

Keywords:

audit, internal control system, materiality, audit risk, audit general plan, audit program.

Abstract

This article describes the importance and necessity of determining the materiality gap in audits. As a result of the conducted research, suggestions on the application of the level of importance have been developed..

References

Brant E. Christensen, Aasmund Eilifsen, Steven M. Glover, William F. Messier Jr. The effect of audit materiality disclosures on investors’ decision making. //Accounting, Organizations and Society. Volume 87, November 2020.

Maria Silvia Avi. Materiality and Relevance in Financial Reporting. Interpretation Problems and Solutions Adopted Internationally.// International Journal of Accounting and Finance Studies Vol. 5, No. 2, 2022

Niamh Brennan, Sidney J. Gray. The impact of materiality: accounting's best kept secret. // Asian academy of management journal of accounting and finance. Vol. 1, 1–31, 2005

Daniel Vîlsănoiu, Simona Buzenche (Matei). Determining audit materiality in the banking industry – a knowledge based approach. //Procedia Economics and Finance 15 ( 2014 ) 935-942.

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Published

2024-10-28

How to Cite

M.Nizekeev, & O. Nizomov. (2024). The importance and necessity of determining the level of materiality in audits. American Journal of Management Practice, 1(6), 72–75. Retrieved from https://semantjournals.org/index.php/AJMP/article/view/376

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