| Title |
Pagrindinių kokybinių charakteristikų, taikytinų finansinėse ataskaitose nustatytų iškraipymų svarbai vertinti, identifikavimas / |
| Translation of Title |
Identification of key qualitative characteristics used to assess the significance of misstatements identified in the financial statements. |
| Authors |
Masiulevičius, Audrius |
| DOI |
10.15388/batp.2022.41 |
| Full Text |
|
| Is Part of |
Buhalterinės apskaitos teorija ir praktika.. Vilnius : Vilniaus universiteto leidykla. 2022, Nr. 25, str. nr.. 2, p. [1-18].. ISSN 1822-8682. eISSN 2538-8762 |
| Keywords [eng] |
qualitative characteristics ; materiality ; financial statements ; misstatements ; audit |
| Abstract [eng] |
Financial statements may be misstated for quantitative reasons, such as mathematically incorrect reporting of assets, liabilities or other. Misstatements in the financial statements may also be qualitative. It is the qualitative characteristics of the misstatement that reflect the significance of the misstatement not for mathematical magnitude, but for other reasons, such as changes in profitability trends or illegal activities. To date, auditors have dedicated more attention to the quantitative characteristics of misstatements and the qualitative characteristics have not been adequately assessed. And although the problem is well known to scientists and practitioners, little action has been taken to date. The objective of the study reflected in this article is to identify the key qualitative characteristics that auditors should consider in deciding the significance of the misstatements identified in the financial statements. To achieve this goal, two tasks have been set: to compile a list of key qualitative characteristics and to conduct an expert survey to approve the compiled list. The following research methods were used in the research: analysis of the content of scientific and practical literature, expert survey, grouping of information, comparison, generalization. A list of fifteen key qualitative characteristics was compiled during the study and the completeness of the list was confirmed by expert survey. The list of key qualitative characteristics will not only assist the auditors in deciding on the significance of the misstatements identified but may also be used in further research to deepen the scientific knowledge of the qualitative characteristics. |
| Published |
Vilnius : Vilniaus universiteto leidykla |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2022 |
| CC license |
|
