Please use this identifier to cite or link to this item:
Title: Materiality disclosures in statutory auditing : a Maltese perspective
Authors: Baldacchino, Peter J.
Tabone, Norbert
Demanuele, Ryan
Keywords: Materiality (Accounting)
Audit committees
Audit committees -- Malta
Issue Date: 2017
Publisher: Yalova University. Faculty of Economics and Administrative Sciences
Citation: Baldacchino, P. J., Tabone, N., & Demanuele, R. (2017). Materiality disclosures in statutory auditing : a Maltese perspective. Journal of Accounting, Finance and Auditing Studies, 3(2), 16-157.
Abstract: Materiality is a fundamental auditing concept. The determination and application of materiality in the conduct of an external audit is regulated by International Standards on Auditing. This paper analysed the benefits and drawbacks of materiality disclosures in Maltese statutory auditing from the perspective of Maltese auditors, whilst measuring and explaining their resistance to such disclosures. A mixed-methods research design was adopted whereby data was collected from Maltese auditors first using a selfadministered questionnaire, followed by semi-structured interviews. This paper concluded that the drawbacks of disclosing materiality in Maltese statutory audit reports greatly outweighed any potential benefits that might be reaped. Maltese auditors generally resisted disclosing materiality levels mainly due to the drawbacks associated with such disclosures. This paper also concluded that materiality disclosures in the audit report should, at present, be avoided in Malta because the local market is not sufficiently mature and knowledgeable to properly understand such disclosures.
ISSN: 21490996
Appears in Collections:Scholarly Works - FacEMAAcc

Files in This Item:
File Description SizeFormat 
PUBLISHED Materiality Discl in Stat Auditing A Maltese Perspective.pdf540.34 kBAdobe PDFView/Open

Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.