Abstract Materiality as a concept pervades the financial accounting and reporting process. For auditing practitioners and academicians, materiality is an important concept that has been subject to substantial research efforts for over three decades. The objectives of this paper are twofold: (1) to review and integrate the relevant empirical research concerning the issue of materiality and (2) to explore the significant implications of this research for current auditing practice and future auditing research.
Holstrum et al. (Wed,) studied this question.