Die Festlegung von Wesentlichkeitsgrenzen in der deutschen Wirtschaftsprüfungspraxis

Matthias Wolz
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Matthias Wolz: Bergische Universität Wuppertal

Schmalenbach Journal of Business Research, 2004, vol. 56, issue 2, 122-145

Abstract: Summary Due to recent cases of fraud in financial statements and spectacular corporate failures, the quality of statutory audits is once again under discussion. Audit quality combines, among others, the aspects of reliability and exactness of the audit opinion, which can be modelled by the interacting variables of the audit risk and the materiality threshold being used. The recently published audit standard IDW AuS 250: Audit Materiality raises the question, whether this norm can assure a sufficient audit quality in terms of reliability and exactness of the audit opinion. Based on a analysis of the audit approaches of the Big 5 audit firms, the study at hand addresses this aspect by an empirical examination of how the materiality threshold is assessed in the context of the risk driven audit approach.

Keywords: M41; Materiality; PS 250; PS 250; Wesentlichkeit (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1007/BF03372732

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