AASB Research Report 21 Auditors’ Perspectives: The Impacts of IFRS Practice Statement 2 Making Materiality Judgements

Monday, October 23, 2023

The AASB Research Centre published a research report about making materiality judgements conducted by researchers from the University of Melbourne. The research report indicates that IFRS Practice Statement 2 Making Materiality Judgements has improved the materiality judgements of auditors. However, the findings show that education is needed for the audit community, such as increasing awareness and familiarity with the practice statement.