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Katherine Schipper (Duke University)

Audit Materiality Judgments: Insights from Regulators

Social Sciences Conference Thursday, 26 October 2023, 19:00 hours Madrid

General information:

Venue: Fundación Ramón Areces - salón de actos. Calle Vitruvio, 5. 28006. Madrid.

Attendance is free, but it is necessary to register. Please refer to the following address to register: Patricia Casado: info.macam@uam.es

It belongs to XII Lecture Series Fundación Ramón Areces on “International Accounting Regulation & Corporate Governance”

Organized by:

Cátedra “UAM-Auditores Madrid” de Información Financiera Corporativa


Leandro Cañibano Calvo Universidad Autónoma de Madrid

Beatriz García Osma Universidad Carlos III de Madrid

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Recent data obtained from the PCAOB (Public Company Accounting Oversight Board) indicate that materiality in audits is not set by applying simple rules (e.g. 5% of pre-tax profit), but is associated with different figures of results, sales and assets, depending on the size and performance of the audit clients. High materiality is associated with fewer audit hours and audit fees, but also with fewer adjustments suggested by auditors and subsequently with a higher probability of material misstatements in the financial statements. Prof. Schipper will discuss the US evidence on value judgments in relation to materiality, and their consequences.

Thrusday,  26 October

19:00 h.

Audit Materiality Judgments: Insights from Regulators

Katherine Schipper
Duke University.


 Katherine Schipper 

Katherine Schipper is the Thomas F. Keller Professor of Business Administration at Duke University’s Fuqua School of Business. She was a Board member of the Financial Accounting Standards Board (FASB), and a faculty member at Carnegie Mellon University and the University of Chicago.  She is a frequent speaker on matters related to international accounting convergence, financial reporting standard setting and financial reporting quality. She has been named the American Accounting Association’s Outstanding Educator and Distinguished International Lecturer, and has been elected to the Accounting Hall of Fame. She has served the American Accounting Association as Director of Research, as President and as President of the Financial Accounting and Reporting Section. Ms. Schipper holds honorary degrees from Notre Dame University, the Norwegian School of Economics, the Stockholm School of Economics and the Singapore Management University.



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