DETERMINING THE LEVEL OF MATERIALITY OF AUDIT EVIDENCE
Keywords:
audit evidence, audit materiality, audit testing, users of financial accounts, quantitative error, significant error, non-significant error, investment property audit.Abstract
In the article, auditors may miss some errors in the examination of financial statements. Therefore, it is necessary to study both the qualitative and quantitative aspects of the error, and it is necessary to recognize the identified error as significant or insignificant. In the course of the audit, the auditor should determine the level of importance of the received information, and the issues of the quantitative error being considered both as a significant error and as an insignificant error depending on the nature of the transactions in the accounts.
References
. Robertson Dzh. Audit. -M.: KRMQ, Audit firm "Kompakt", 1993. p. 111
2. Arens A., Lobbek Dzh. Audit. -M.: Finansy i statistika, 1995. p. 143 i 175
3. Gutsayt Ye.M., Ostrovsky O.M., Remizov N.A. Domestic auditing rules and their use. -M.: FBK-PRESS, 1998. p. 142
4. International auditing standards. National Association of Accountants and Auditors of Uzbekistan - Information Press Center, Tashkent 2012.
5. http: // www.iasc.org/uk (International Accounting Standards Committee)
