Immaterial: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: linked pages.) |
(Add link.) |
||
| (3 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
''Risk management - financial reporting.'' | ''Risk management - financial reporting.'' | ||
Immaterial risks are ones that do not require active risk management, because of their size, likelihood | Immaterial risks are ones that do not require active risk management, because of their small size, low likelihood or both. | ||
| Line 14: | Line 14: | ||
== See also == | == See also == | ||
* [[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 00:02, 1 February 2024
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.
