أثر تطبيق معيار المراجعة الدولي رقم (520) على الأهمية النسبية في المراجعة

Abstract

This study aimed to know the practical steps that the auditor follows to apply materiality and to identify the impact of applying Auditing Standard No. 520 regarding analytical procedures on materiality in the audit. To achieve the objectives of the study, the descriptive analytical approach was used, as the study population was commercial institutions, and the study sample was It is represented in the commercial institutions in the Republic of Sudan, as applied by the Sudanese Company for Free Zones and Duty Free Shops. As a primary tool for collecting data, the approved financial statements of the Sudanese Company for Duty Free Zones and Shops were obtained, and Auditing Standard No. 520 on analytical procedures and Auditing Standard No. 320 on relative importance were applied to them. The study concluded many Among the results, including: The application of International Auditing Standard No. 520 has a positive impact on developing indicators to determine the limits of materiality, and applying the review standard for analytical procedures according to the results of materiality contributes clearly to the quality of the audit outcomes, and the reference basis for materiality varies according to the type of facility in institutions. The government's total cost or net cost can be considered an appropriate basis for program budgets. If institutions have public assets, it can be considered an appropriate basis. The institution's financing structure has a role in determining the reference basis. If the institution is financed only with debt instead of equity, users may focus more on the assets and claims of the entity, rather than its profits.