A review and integration of empirical research on materiality: Two decades later

William F. Messier, Nonna Martinov-Bennie, Aasmund Eilifsen

Research output: Contribution to journalReview articlepeer-review

100 Citations (Scopus)

Abstract

There has been a renewed interest in the concept of materiality motivated by concerns at the Securities and Exchange Commission, the Sarbanes-Oxley Act, and the Auditing Standards Board and International Auditing and Assurance Standards Board issuance of proposed standards on materiality. This paper: (1) reviews and integrates the empirical research on materiality since 1982, and (2) suggests some implications of this research for audit practice and research. The review indicates that while many issues related to materiality have been addressed by prior research, a number of new and important areas are in need of further examination.

Original languageEnglish
Pages (from-to)153-187
Number of pages35
JournalAuditing : a journal of practice and theory
Volume24
Issue number2
DOIs
Publication statusPublished - Nov 2005
Externally publishedYes

Keywords

  • Materiality
  • Materiality bases
  • Qualitative materiality factors
  • Quantitative

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