Auditor Judgements After Withdrawal of the Materiality Accounting Standard in Australia

The concept of materiality, originating in the accounting domain and applied auditing domain, is an essential tool for improving audit quality. A renewed interest materiality research emerged Australia after submitting Exposure Draft no. 243 by Australian Accounting Standards Board (AASB) proposing withdrawal AASB 1031 Materiality, which became effective July 2015. purpose this paper to review literature examine how located regulatory framework, standards guidance that support application concept, undertaken using different methods. As our reveals significant gaps recent on subject, need be addressed. concludes propositions fit into triangle developed paper.