10 November 2011: ESMA Consultation Paper on materiality
Posted by mostafa on 10 November, 2011
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This item was filled under Accounting
The European Securities and Markets Authority (ESMA) has published a consultation paper entitled ‘Considerations of
materiality in financial reporting’ on the apparent differing views regarding the practical
application of the concept of materiality amongst preparers, auditors, possibly
users of the financial reports and, in some instances, accounting enforcers.