Fundamentarea raționamentului profesional contabil în aplicarea pragului de semnificație

Abstract

Significance threshold means the value, error or omission with power to influence the correctness and accuracy of financial statements, equally - the true picture of the financial result. In order to support the information presented, the article was based on the provisions of normative acts, the opinions of the authors of scientific papers but also the findings of researchers based on published articles. In other words, with the help of the targeted concept, the entity has the possibility to externalize the significant accounting elements by establishing it in absolute or relative size in its accounting policies. The article aims to present the interpretation of the significance threshold in accounting, with slight audit tangents, to present by practical examples the exact application of the significance threshold, in which cases and how it modifies the interpretation of amounts for accounting purposes. The significance threshold is a key factor in the interpretation of the financial statements, in this context, it contributes to the performance of audit procedures, the evaluation of the results obtained and the issuance of the final audit report. JEL: M40, M41