Die Anwendung des Grundsatzes der Wesentlichkeit durch Abschlussprüfer – Erkenntnisse aus den Wesentlichkeitsangaben in Bestätigungsvermerken aus dem Vereinigten Königreich

Reiner Quick and Dominik Claßen

Die Unternehmung - Swiss Journal of Business Research and Practice, 2022, vol. 76, issue 2, 241-283

Abstract: The study uses auditor`s reports from the UK to analyze the application of the materiality principle by auditors. The disclosures exceed the minimum as defined by the UK standard setter for the relevant period. Findings demonstrate heterogeneous use of the concept of materiality by UK auditors. Moreover, significant differences between audit firms and clients´ industries are shown. Furthermore, auditor changes regularly result in a more conservative determination of materiality. In line with prior research results the applied materiality benchmarks depend on the client´s industry. In contrast, the published justifications for the benchmark choice are quite homogeneous.

Date: 2022
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DOI: 10.5771/0042-059X-2022-2-241

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Die Unternehmung - Swiss Journal of Business Research and Practice is currently edited by Prof. Dr. Artur Baldauf, Universität Bern, Prof. Dr. Manfred Bruhn, Universität Basel, Prof. Dr. Pascal Gantenbein, Universität Basel (geschäftsführend), Prof. Dr. Markus Gmür, Universität Fribourg, Prof. Dr. Klaus Möller, Universität St. Gallen, Prof. Dr. Günter Müller-Stewens, Universität St. Gallen, Prof. Dr. Dr. h.c. Margit Osterloh, Universität Zürich, Prof. Dr. Dieter Pfaff, Universität Zürich and Prof. Dr. Martin Wallmeier, Universität Fribourg

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