| Title |
Finansinėse ataskaitose auditoriaus identifikuotų iškraipymų kokybinės charakteristikos, ribojančios šių iškraipymų priskyrimą aiškiai nesvarbių iškraipymų kategorijai / |
| Translation of Title |
Qualitative characteristics of the misstatements identified by the auditor in the financial statements, limiting the classification of these misstatements as clearly trivial. |
| Authors |
Masiulevičius, Audrius |
| DOI |
10.15388/vu.thesis.358 |
| Full Text |
|
| Pages |
234 |
| Keywords [eng] |
Audit ; Audit of financial statements ; Qualitative characteristics ; Misstatements ; Clearly trivial misstatements |
| Abstract [eng] |
Financial statements may be distorted for reasons that are difficult or even impossible to be evaluated mathematically. Although joint application of quantitative and qualitative characteristics can improve the quality of the audit of financial statements, yet in determining the relevance of the misstatements identified financial statement preparers and some auditors do not sufficiently consider qualitative characteristics. Excessive reliance on quantitative characteristics, underestimation of qualitative characteristics, may lead to compromising the quality of financial reporting. Consideration of qualitative characteristics is even more relevant where the identified misstatements are clearly trivial. The objective of the thesis - to substantiate the need for accumulation of clearly trivial misstatements identified in financial statements by determining the qualitative characteristics of the misstatements limiting the classification of such misstatements as clearly trivial. Literature analysis and expert study allowed identification and structuring of the main qualitative characteristics. Based on the results of the empirical research, qualitative characteristics of misstatements in the financial statements limiting classification of misstatements to the category of clearly trivial misstatements were identified. These are the following qualitative characteristics: (1) revealing a change (decrease) in the income growth trend; (2) revealing a change (loss) in the net income and (3) misreported earnings leading to management bonus. Also on the basis the results of the conducted empirical research, a conservative process of evaluating the materiality of misstatements has been established. |
| Dissertation Institution |
Vilniaus universitetas. |
| Type |
Doctoral thesis |
| Language |
Lithuanian |
| Publication date |
2022 |
