Materiality assessment
From ACT Wiki
1. Financial reporting - risk management - ESG - sustainability reporting.
In the context of sustainability reporting, a materiality assessment is the process by which an entity determines material matters and material information to be reported on in its sustainability statement.
The materiality assessment is designed to identify all material impacts, risks and opportunities (IROs) to be reported, and also to exclude ones that are not material.
(Source - EFRAG Implementation Guidance - Materiality Assessment.)
2. Financial reporting - risk management - assurance - audit.
Similar assessment processes in other contexts.
See also
- Assurance
- Audit
- Double materiality
- Double materiality assessment
- ESG
- European Financial Reporting Advisory Group (EFRAG)
- Financial reporting
- Guide to risk management
- Immaterial
- Impact
- Material by nature
- Materialistic
- Materiality
- Risk
- Risk management
- Sustainability reporting
- Sustainability statement
