It is commonly held wisdom that every staff member in a Supreme Audit Institution (SAI) is responsible for audit quality, and that SAIs should ensure quality at every stage of the audit process through standard operating procedures. This is certainly true, especially for routine audits. However, in the case of audits that are complex...
materiality
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January 31, 2018January 28, 2021Feature Articles, Winter 2018
Materiality: At the Heart of Auditing
Why should Supreme Audit Institutions (SAIs) report matters to their legislatures? Why some issues but not others? For whom are these issues important? These questions trouble SAIs globally—in daily operations, as well as in audit prioritization. Yet, literature and discussions...