Was ist Prüfungswesentliche Wesentlichkeit?
Prüfungswesentliche Wesentlichkeit The quantitative or qualitative threshold in an audit below which misstatements are considered not to affect the fair presentation of financial statements, as determined by the auditor according to professional standards.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Prüfungswesentliche Wesentlichkeit” Used in Practice?
Die Prüfungswesentliche Wesentlichkeit wird so festgelegt, dass einzelne oder aggregierte Fehler die Entscheidungen der Abschlussadressaten nicht beeinflussen.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Was ist Prüfungswesentliche Wesentlichkeit?
The quantitative or qualitative threshold in an audit below which misstatements are considered not to affect the fair presentation of financial statements, as determined by the auditor according to professional standards.
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