Materiality in Shariah audit

• Main Authors: Mohd Ariffin, Noraini, Zainal Abidin, Ahmad
• Format: Article
• Language: English
• Published: Islamic Finance News 2019
• Subjects: HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/84998/1/84998_Materiality%20in%20Shariah%20audit.pdf; http://irep.iium.edu.my/84998/; https://www.islamicfinancenews.com/
• Institution: Universiti Islam Antarabangsa Malaysia

In conducting an audit of fi nancial statements, the overall objectives of the auditor are to obtain reasonable assurance about whether the fi nancial statements as a whole are free from material misstatement, whether due to fraud or error. This will enable the auditor to express an opinion on whether the fi nancial statements are prepared, in all material respects, in accordance with an applicable fi nancial reporting framework. In addition, the auditor will provide the report in the fi nancial statements and communicate the fi ndings as required by the auditing standards.