Influence Factors Regarding the Romanian Auditors` Decisions on Materiality Level

Author:Associate Prof. Irimie Emil POPA, Ph. D.; Georgeta Ancuţa ȘPAN, Ph. D.

JEL: M 42

DOI:

Keywords: materiality level, qualitative factors, quantitative factors, decision-making process

Abstract:
The study presents an analysis of the main factors that contribute to the professional judgment of the Romanian auditors` decisions on materiality level. Based on the arguments of the international literature and by using the questionnaire as a tool, the authors tested a number of factors related both to the entity client and to the auditor`s judgment. Results show that factors such as customer entity`s sector, the auditor`s professional experience in the field of the customer and the length of the auditor`s relation to audit clients are able to influence the level at which any distortion can be considered significant.\r\n

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