Sullivan (1984) suggests that the alternative audit approaches adopted by accounting firms be expressed in terms of 'structure' and 'judgement', with a division provided by the degree to which auditor judgement is replaced by structured quantitative algorithms. Cushing and Loebbecke (1986)...

Purpose – This paper seeks to focus on the issue of materiality judgements and the need for public disclosure of materiality levels. Insights about the concept of materiality are drawn from the words of users of audited financial reports, auditee managements, suppliers to the market for audit...