Immaterial: Difference between revisions
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imported>Doug Williamson (Distinguish risk management and financial reporting contexts.) |
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== See also == | == See also == | ||
* [[Double materiality]] | |||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[Intangible assets]] | |||
* [[Material]] | |||
* [[Materiality]] | * [[Materiality]] | ||
* [[Risk management]] | * [[Risk management]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[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: | [[Category:The_business_context]] | ||
Latest revision as of 18:46, 2 July 2025
Risk management - financial reporting.
Immaterial risks are ones that do not require active risk management, because of their small size, low likelihood or both.
In financial reporting, immaterial items do not need to be accounted for or disclosed separately.
Items may be material by size, or material by their nature.
Immaterial items are sometimes known as non-material items.
