Edwards and Newell (1994: 407) noted that 'the application of accounting techniques in business management continues to … conclusions such as 'accounting systems for managerial decisions and control can be traced back to the origins of hierarchical … activities on landed estates. In addition, evidence is presented which shows that concepts of production standards and standard …

been a truthtelling profession. Materiality, which drives audit priorities, has been institutionalised in accounting and … auditing standards. But a materiality focus inherently implies that all amounts that are not 'materially' misstated are equally …