Disclosures of materiality: the practice of Malaysian companies

• Main Authors: Takiah Mohd. Iskandar, Syed Mohd. Ghazali Wafa Syed Adwam Wafa, Selamat Kundari, Rosiati Ramli
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 1998
• Online Access: http://journalarticle.ukm.my/7980/1/822-1568-1-SM.pdf; http://journalarticle.ukm.my/7980/; http://ejournals.ukm.my/pengurusan/issue/view/207
• Institution: Universiti Kebangsaan Malaysia

The reporting of information in the financial statements is pervasively based on the materiality concept. For the purpose of disclosing financial information, auditors use their professional judgments in deciding the appropriate materiality thresholds. There is evidence of a lack of consensus in dis...