INVENTORY MATERIALITY DETERMINATION AND AUDITOR’S OPINION

Öz

Our study explores the significance of materiality levels in inventory audits and their influence on independent auditors’ opinions, a crucial aspect of financial reporting and decision-making. Specifically, our study investigates how factors such as gender, age, education level, audit experience, and the number of files audited influence materiality assessment, audit planning, participation in audit techniques, and ultimately, auditors’ opinions on inventory audits. We employ an online survey methodology, targeting auditors from firms authorized by the Public Oversight Authority in Istanbul. Our findings reveal notable variations in audit practices, particularly regarding materiality levels, audit approaches, planning strategies, and inventory auditing techniques. Furthermore, incorrect materiality assessments appear to contribute to inaccurate audit opinions, underlining the importance of precise evaluation methods. Finally, the techniques applied in inventory auditing play a crucial role in shaping auditors’ final conclusions.

Anahtar Kelimeler

• Auditing
• Materiality Level
• Auditor’s Opinion
• Inventories

Kaynakça

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