Document Title

An International Comparison of Materiality Guidance for Governments, Public Services, and Charities

Department/School

Accounting

Abstract

This article compares international and country–specific guidance associated with the materiality concept as it applies to the public sector and charitable entities. The proliferation of multiple terms with similar meanings is evidenced in Australia, Canada, New Zealand, the United Kingdom – England, Ireland and Scotland – and international guidance. Alignment of terminology could enhance harmonization of standards and increase the chances that application of standards is comparable. Conceptual dimensions of materiality in the public sector emphasize qualitative considerations such as legal compliance, fiduciary responsibility, timeliness, and follow–up.

Document Type

Article

Publication Title

Financial Accountability and Management

Publication Date

8-2002

Volume

18

Issue

3

Pages

269-283

Digital Object Identifier (DOI)

10.1111/1468-0408.00154

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