Fraud and Materiality


Source: [3] 


Notice where materiality falls within this graphic.        



[1] Financial Accounting Standards Board (FASB) 

[2] FASB, Statement of Financial Accounting Concepts (SFAC) No. 2, Qualitative Characteristics of Accounting Information 

[3] McGraw-Hill Higher Education, Environment and Theoretical Structure of Financial Accounting, Qualitative Characteristics of Accounting Information

  • J. David Spiceland, University of Memphis
  • James F. Sepe, Santa Clara University
  • Lawrence A. Tomassini, Ohio State University--Columbus
Copyright © 2007-2009       Alexis C Bell     -     All rights reserved

Fraud and Materiality 

Visual representation of components of FASB [1] SFAC No. 2 [2] :