Navigation:


DISCUSSIONS > IIA GENERAL DISCUSSION AREA [ REFRESH ]
Thread Title: Materiality of Accounts for SOX purposes
Created On Friday August 15, 2008 5:06 PM
  Materiality of Accounts for SOX purposes
  Materiality of Accounts for SOX purposes


musashi44


Posts: 260
Joined: Jul 2005

Friday August 15, 2008 5:06 PM

User is offline View thread in raw text format

There are many criteria for determining the materiality of an account for SOX purposes. One of which is Size of account. What do most companies use to determine materiality of size: percentage of total assets, percentage of total revenues? And what percentage is commonly used?

Thanks

Reply
Quote
Top
Bottom



planoisdaudit


Posts: 1814
Joined: Oct 2006

Friday August 15, 2008 5:24 PM

User is offline View users profile View thread in raw text format

I'd suggest you ask this of your external auditors, since the answer has a huge impact on their ability to rely on your work.

-------------------------
 Dan
Integrity can be defined as your moral soundness. A test for integrity - Do your actions match your words?

Reply
Quote
Top
Bottom

DISCUSSIONS > IIA GENERAL DISCUSSION AREA [ REFRESH ]
The Institute of Internal Auditors • 247 Maitland Avenue Altamonte Springs, FL. 32701-4201 USA
+1-407-937-1100 • FAX +1-407-937-1101 • www.theiia.org