The concept of materiality in the process of preparing the financial statement is essentially a matter of disclosure. In fact, financial statement should disclose only the informat ion that are material, namely those that can impact on the decisions of users. However, how concretely to apply the concept of materiality is not generally prescribed by accounting standard setters. As a result, previous studies show that materiality judgements exhib it considerable diversity and rema in primarily a

more »

... atter of professional judg ment. This study aims to explore how the concept of materiality has been interpreted and applied in pract ice by a samp le of Italian co mpanies, that adopt the Italian accounting standards, with respect to a set of informat ion that should be disclosed in the financial statements only if they are judged material.