THE ROLE OF THE MATERIALITY IN AUDIT AND ACCOUNTACY
              IN AGRICULTURAL ORGANIZATIONS


          Sorina Simona Bumbescu, “1 Decembrie 1918” University, Alba Iulia, Romania
               Dimi Ofileanu, “1 Decembrie 1918” University, Alba Iulia, Romania
                Raul Burdea, “1 Decembrie 1918” University, Alba Iulia, Romania


ABSTRACT: In this article it is realised an overview of the importance that the materiality has for
the audit and the accountancy activity, beeing an interdependence relationship between the
information provided by the accountancy and audit activity. Based on previous studies concerning
the materiality, in this article it is developed a synthetic theoretical framework regarding the
materiality, the relationship between materiality and audit risk, the steps that heve to be made in
order to determine the materiality, and ultimately it is realised a case study concerning the
calculation and analysis of the materiality in an agriculture entity. The research leads to two major
categories of tangible results; on the one hand it is realised a qualitative theoretical synthesis on
materiality, on the other hand, it exemplifies the calculation and analysis of materiality, and last but
not least it highlights the importance of determining the materiality for the activity of any
organization.

Keywords: materiality, audit risk, auditor, error

JEL Codes: M41, M42