Methodological aspects of calculation of the level of materiality of small business entities

At the present stage of development of the domestic economy, the problem of improving the control of the financial and economic activities of small enterprises becomes more acute, because Russian organizations daily face sudden threats and difficulties that negatively affect their main development indicators. One of the effective methods to improve the quality of internal control and reduce the risk of errors and consequences in accounting and financial reporting is an audit. Any audit begins with determining the level of materiality, and in this article we will consider the main stages of its calculation.