Exploring materiality disclosures in financial reporting evidence from annual reports in Portugal

• Autor(a) principal: Vara, Carolina dos Santos
• Data de Publicação: 2020
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/104497
• topic: Materiality; Disclosure; Financial reporting; Portugal; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

This Work Project investigates materialityand its application on financial reporting. An analysis on Portuguese listed companies’ annual reports from 2018 is conducted and addresses to regulators, standard setters, professional bodiesand financial reportingusers’seeking insights on the materiality context. It is concluded that materiality disclosures rely on judgement and are associated to company’s characteristics. The vague regulation and diversity of disclosure results in lack of harmonization and comparability. It is recommendedthat regulation on materiality is reviewed such that companies have less flexibility in revealing what and the extent of information provided to annual report users about materiality.