Materiality - Revision history

Doug: Improve linking.

2025-07-02T18:45:55Z

Improve linking.

← Older revision		Revision as of 18:45, 2 July 2025
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	* [[Double materiality assessment]]		* [[Double materiality assessment]]
	* [[Financial capital]]		* [[Financial capital]]
			* [[Financial materiality]]
	* [[Financial reporting]]		* [[Financial reporting]]
	* [[Guide to risk management]]		* [[Guide to risk management]]
	* [[Human capital]]		* [[Human capital]]
	* [[Immaterial]]		* [[Immaterial]]
			* [[Impact materiality]]
	* [[Intangible assets]]		* [[Intangible assets]]
	* [[Intellectual capital]]		* [[Intellectual capital]]

Doug: Add links.

2024-06-05T10:02:30Z

Add links.

← Older revision		Revision as of 10:02, 5 June 2024
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	* [[Dematerialisation]]		* [[Dematerialisation]]
	* [[Double materiality]]		* [[Double materiality]]
			* [[Double materiality assessment]]
	* [[Financial capital]]		* [[Financial capital]]
	* [[Financial reporting]]		* [[Financial reporting]]
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	* [[Material by nature]]		* [[Material by nature]]
	* [[Materialistic]]		* [[Materialistic]]
			* [[Materiality assessment]]
	* [[Misstatement]]		* [[Misstatement]]
	* [[Natural capital]]		* [[Natural capital]]
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	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	~~[[Category:The_business_context]]~~
	[[Category:Corporate_finance]]		[[Category:Corporate_finance]]
	[[Category:Identify_and_assess_risks]]		[[Category:Identify_and_assess_risks]]
	[[Category:Manage_risks]]		[[Category:Manage_risks]]
			[[Category:Risk_reporting]]
	[[Category:Risk_frameworks]]		[[Category:Risk_frameworks]]
	[[Category:~~Risk_reporting~~]]		[[Category:The_business_context]]

imported>Doug Williamson: Add link.

2021-12-31T16:48:38Z

Add link.

← Older revision		Revision as of 16:48, 31 December 2021
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	* [[Default]]		* [[Default]]
	* [[Dematerialisation]]		* [[Dematerialisation]]
			* [[Double materiality]]
	* [[Financial capital]]		* [[Financial capital]]
	* [[Financial reporting]]		* [[Financial reporting]]

imported>Doug Williamson: Add link.

2021-07-02T01:59:18Z

Add link.

← Older revision		Revision as of 01:59, 2 July 2021
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	* [[Material by nature]]		* [[Material by nature]]
	* [[Materialistic]]		* [[Materialistic]]
			* [[Misstatement]]
	* [[Natural capital]]		* [[Natural capital]]
	* [[Occupational pension scheme]]		* [[Occupational pension scheme]]

imported>Doug Williamson: Layout.

2021-06-23T10:03:15Z

Layout.

← Older revision		Revision as of 10:03, 23 June 2021
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	:"For the purposes of <IR>, a matter is material if it is of such relevance and importance that it could substantively influence the assessments of providers of financial capital with regard to the organization’s ability to create value over the short, medium and long term.		:"For the purposes of <IR>, a matter is material if it is of such relevance and importance that it could substantively influence the assessments of providers of financial capital with regard to the organization’s ability to create value over the short, medium and long term.

	:In determining whether or not a matter is material, senior management and those charged with governance should consider whether the matter substantively affects, or has the potential to substantively affect, the organization’s strategy, its business model, or one or more of the capitals it uses or affects.		:In determining whether or not a matter is material, senior management and those charged with governance should consider whether the matter substantively affects, or has the potential to substantively affect, the organization’s strategy, its business model, or one or more of the capitals it uses or affects...

	:Forms of capital refer to the organization’s resources and relationships and include financial, manufactured, human, intellectual, natural, and social and relationship capital."		:Forms of capital refer to the organization’s resources and relationships and include financial, manufactured, human, intellectual, natural, and social and relationship capital."

imported>Doug Williamson: Add links.

2021-06-23T09:59:14Z

Add links.

← Older revision		Revision as of 09:59, 23 June 2021
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	Materiality is also a fundamentally important concept in financial accounting.		Materiality is also a fundamentally important concept in financial accounting.

	Relevant accounting standards, principles and disclosures need only be applied to material items.		Relevant accounting standards, principles and disclosures need only be applied to material items. Indeed excessive disclosures including non-material items may obscure the understandability of the material items that they are placed around.

	In this context, it is the economic decisions of users - and whether they would be affected by the reporting items being considered - that determine whether the items are material.		In this context, it is the economic decisions of users - and whether they would be affected by the reporting items being considered - that determine whether the items are material.
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	In ~~this context~~, non-material items are sometimes also known as ''immaterial''.		:<span style="color:#4B0082">'''''Value creation over time - Integrated Reporting - <IR>'''''</span>

			:"For the purposes of <IR>, a matter is material if it is of such relevance and importance that it could substantively influence the assessments of providers of financial capital with regard to the organization’s ability to create value over the short, medium and long term.

			:In determining whether or not a matter is material, senior management and those charged with governance should consider whether the matter substantively affects, or has the potential to substantively affect, the organization’s strategy, its business model, or one or more of the capitals it uses or affects.

			:Forms of capital refer to the organization’s resources and relationships and include financial, manufactured, human, intellectual, natural, and social and relationship capital."

			:''Materiality - International Integrated Reporting Council.''


			In these contexts, non-material items are sometimes also known as ''immaterial''.


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	== See also ==		== See also ==
	* [[Audit]]		* [[Audit]]
			* [[Capital]]
	* [[Cross default]]		* [[Cross default]]
	* [[Default]]		* [[Default]]
	* [[Dematerialisation]]		* [[Dematerialisation]]
			* [[Financial capital]]
	* [[Financial reporting]]		* [[Financial reporting]]
	* [[Guide to risk management]]		* [[Guide to risk management]]
			* [[Human capital]]
	* [[Immaterial]]		* [[Immaterial]]
	* [[Intangible assets]]		* [[Intangible assets]]
			* [[Intellectual capital]]
	* [[ISA 320]]		* [[ISA 320]]
	* [[Loan agreement]]		* [[Loan agreement]]
			* [[Manufactured capital]]
	* [[Material adverse change]]		* [[Material adverse change]]
	* [[Material adverse effect]]		* [[Material adverse effect]]
	* [[Material by nature]]		* [[Material by nature]]
	* [[Materialistic]]		* [[Materialistic]]
			* [[Natural capital]]
	* [[Occupational pension scheme]]		* [[Occupational pension scheme]]
			* [[Relationship capital]]
	* [[Risk management]]		* [[Risk management]]
			* [[Social capital]]
	* [[Stewardship]]		* [[Stewardship]]
	* [[Tangible asset]]		* [[Tangible asset]]

imported>Doug Williamson: Add link.

2021-06-23T04:44:13Z

Add link.

← Older revision		Revision as of 04:44, 23 June 2021
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	== See also ==		== See also ==
			* [[Audit]]
	* [[Cross default]]		* [[Cross default]]
	* [[Default]]		* [[Default]]

imported>Doug Williamson: Separate final definition into two parts.

2021-06-23T04:42:56Z

Separate final definition into two parts.

← Older revision		Revision as of 04:42, 23 June 2021
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	''~~Context~~ - financial reporting - risk management.''		1. ''Documentation - financial reporting - risk management.''

	~~This~~ is a threshold at which insignificance becomes significance.		Materiality is a threshold at which insignificance becomes significance.

	Often it is defined for particular circumstances in loan agreements, for example cross default shall not apply for late payment of a trade creditor for an amount less than a given threshold figure.		Often it is defined for particular circumstances in loan agreements, for example cross default shall not apply for late payment of a trade creditor for an amount less than a given threshold figure.
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	~~Non~~-material items are sometimes also known as ''immaterial''.		In this context, non-material items are sometimes also known as ''immaterial''.


			2. ''Other contexts - significance.''

			More broadly, the quality of significance in any context.

			For example, the statutory whistle-blowing duty in relation to UK occupational pension schemes applies when parties have reasonable cause to believe there is a material problem with the scheme.


			3. ''Assets - tangible assets.''

			In relation to assets, having a physical nature as a tangible asset, contrasted with an intangible asset.


			4. ''Record keeping.''

			In relation to records, being held in physical form, as opposed to electronic only.


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	* [[Guide to risk management]]		* [[Guide to risk management]]
	* [[Immaterial]]		* [[Immaterial]]
			* [[Intangible assets]]
	* [[ISA 320]]		* [[ISA 320]]
	* [[Loan agreement]]		* [[Loan agreement]]
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	* [[Material by nature]]		* [[Material by nature]]
	* [[Materialistic]]		* [[Materialistic]]
			* [[Occupational pension scheme]]
	* [[Risk management]]		* [[Risk management]]
	* [[Stewardship]]		* [[Stewardship]]
			* [[Tangible asset]]
	* [[Threshold]]		* [[Threshold]]
	* [[Trade creditors]]		* [[Trade creditors]]
			* [[Whistle-blowing]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Mend link.

2021-06-23T04:26:49Z

Mend link.

← Older revision		Revision as of 04:26, 23 June 2021
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	* [[Cross default]]		* [[Cross default]]
	* [[Default]]		* [[Default]]
	* [[~~Dematerialise~~]]		* [[Dematerialisation]]
	* [[Financial reporting]]		* [[Financial reporting]]
	* [[Guide to risk management]]		* [[Guide to risk management]]

imported>Doug Williamson: Layout.

2021-06-22T22:44:42Z

Layout.

← Older revision		Revision as of 22:44, 22 June 2021
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	''~~Risk management~~ - financial reporting.''		''Context - financial reporting - risk management.''

	This is a threshold at which insignificance becomes significance.		This is a threshold at which insignificance becomes significance.
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	Non-material items are sometimes also known as ''immaterial''.		Non-material items are sometimes also known as ''immaterial''.





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	* [[Material adverse change]]		* [[Material adverse change]]
	* [[Material adverse effect]]		* [[Material adverse effect]]
			* [[Material by nature]]
	* [[Materialistic]]		* [[Materialistic]]
	* [[Risk management]]		* [[Risk management]]