Materiality Concept in the Preparation Financial Statement Alighned with IPSAS
DOI:
https://doi.org/10.56362/Rev24105119TKeywords:
materiality aspect, materiality framework, Unitet nations IPSAS materialiy frameworkAbstract
The aim of this paper is to provide insight into the concept of materiality and its application during the preparation of financial statements aligned with IPSAS. The basic aspects of the concept of materiality are the interests of resource providers and service users, the quantity and quality of the items and the nature of the circumstances of the matter being reported. An illustration of the application of the concept of materiality in practice is given on the example of the methodological instructions for corporate governance of the United Nations.
References
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(2) IPSASB (2017) The application of the concept of materiality to the preparation of financial statements. Dostupno na: https://www.ifac.org/_flysystem/azure-private/publications/files/IPSASB-Staff-Q-and-A-Materiality.pdf.
(3) IPSASB (2022), 2022 Handbook of international public sector accounting pronouncements. Dostupno na: 2022 Handbook of International Public Sector Accounting Pronouncements | IPSASB.
(4) United Nations (2016) Corporate Guidance for International Public Sector Accounting Standards Materiality Framework. Dostupno na: Corporate_Guidance_Materiality_Framework.pdf (un.org).
