Materialism and materiality
Accountants and auditors in recent financial scandals have been pictured as materialistic, simply calculating consequences and ignoring duties. This paper potentially explains this apparently materialistic behaviour in what has historically been a truthtelling profession. Materiality, which drives audit priorities, has been institutionalised in accounting and auditing standards. But a materiality focus inherently implies that all amounts that are not 'materially' misstated are equally true. This leads to habitual immaterial misstatements and promotes the view that auditors do not care about truth at all. Auditors' lack of commitment to truth undermines their claim to be professionals in the classic sense.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 2 (2005)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=41|
When requesting a correction, please mention this item's handle: RePEc:ids:ijaape:v:2:y:2005:i:4:p:347-355. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)
If references are entirely missing, you can add them using this form.