QUALITATIVE FACTORS OF MATERIALITY - A REVIEW OF
                      EMPIRICAL RESEARCH

                     Emil Irimie Popa, “Babeş-Bolyai” University of Cluj-Napoca,
                   Ancuţa Georgeta Şpan, “Babeş-Bolyai” University of Cluj-Napoca
                   Timea Melinda Fulop, “Babeş-Bolyai” University of Cluj-Napoca


ABSTRACT: Determination of materiality is a crucial step in an audit mission because it affects the
entire audit process. The incorrect application of materiality can have serious negative
repercussions on both the audited entity and the auditor (Enron-Anderson). Researches conducted
over time revealed the complexity of this element in an audit mission and the need to emergence
some generally accepted rules and regulations to provide support in defining and substantiating the
professional judgment applied in this stage of the audit.

Key words: materiality, quantitative factors, professional judgment, reviews of research.

JEL Code: M41, M42, M48.