The concept of materiality is one of the most fundamental and significant concepts within the financial and corporate reporting ecosystem. Milton Segal, senior executive for corporate reporting ...

Materiality is a term used in accounting and the law, ... When the materiality concept is applied according to such well-considered principles, ...

In the accounting profession, the concept of materiality in financial reporting comes from two distinct areas: Generally accepted accounting principles (GAAP), and generally accepted auditing ...

The concept of materiality in accounting helps you methodically determine thresholds for immateriality levels. Definition Materiality in accounting refers to the significance of an overstatement ...

As we prepare for the replacement of SAS 70 by SSAE 16, articles and vendor whitepapers are flooding the landscape. These documents typically provide only cursory descriptions of the similarities and ...

The concept of materiality demands that companies cannot withhold vital information or give misleading numbers to owners, lenders, investors or regulators, whether knowingly or not.

Understanding what truly matters helps uncover risk before they crystallise and allocate resources accordingly.

The ASB’s proposed amendments are intended to align the materiality concepts in the AICPA Professional Standards with the definition of materiality used by the U.S. judicial system, the PCAOB, ...

Mark W. Nelson, Steven D. Smith, Zoe-Vonna Palmrose, The Effect of Quantitative Materiality Approach on Auditors' Adjustment Decisions, The Accounting Review, Vol. 80, No. 3 (Jul., 2005), pp. 897-920 ...