Improving audit materiality using E-MAT application / Nurul Iffah Ghazali, Muthyaah Mohd Jamil and Nur Afiqah Md Amin

The detailed evaluation of materiality is a crucial aspect of the auditing process, as it determines the significance of financial information in relation to the overall financial statements. However, novice auditors frequently struggle to comprehend materiality due to the complexity of measurement processes. In addition, accounting students struggled to conceptualize the calculation of materiality level because they had never participated in an actual audit. This study focuses on the alternative solution 'E-Materiality Indicator' or E-MAT application designed to assist junior auditors and accounting students in assessing materiality levels effectively and efficiently. The tool's advantages are twofold. First, it equips novice auditors with the necessary skills and knowledge to evaluate materiality in various audit scenarios with confidence. With these materiality instruments, accounting students can gain a deeper understanding of the materiality level. It is anticipated that the standardized instrument and streamlined measurement technique will provide consistency across examinations, increase comparability, and reduce potential errors. Moreover, by enhancing the comprehension and measurement of materiality, this solution contributes to the professional development and effectiveness of novice auditors while enhancing accounting students' knowledge of materiality measurement.