Immaterial and Standard: Difference between pages

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''Risk management - financial reporting.''
1.  ''Quality - regulation - noun.''


Immaterial risks are ones that do not require active risk management, because of their small size, low likelihood or both.
A level of attainment or quality, especially a minimum level or a mandatory level.


Including levels established, monitored and enforced by regulators and legal authorities.


In financial reporting, immaterial items do not need to be accounted for or disclosed separately.
Examples include the Standards developed and issued by the ISO, and International Financial Reporting Standards (IFRS).


Items may be material by size, or material by their nature.


2.  ''Documentation - noun.''


Immaterial items are sometimes known as ''non-material'' items.
The document containing the detailed description of a formal Standard.




== See also ==
3.  ''Adjective.''
* [[Financial reporting]]
 
* [[Material]]
Normal, average or usual.
* [[Materiality]]
 
* [[Risk management]]
For example, a ''standard cost'' in a production or service process.
 
 
==See also==
* [[Bespoke]]
* [[Binding Technical Standard]]
* [[Boilerplate]]
*[[Climate Bonds Standard]]
*[[FAST Modelling Standard]]
* [[Gold standard]]
*[[International Financial Reporting Standards]]  (IFRS)
* [[ISO]]
* [[Non-standard monetary policy]]
*[[Normal contribution rate]]  = standard contribution rate
* [[Off the shelf package]]
*[[Regulation]]
*[[Regulatory standard]]
*[[Regulatory Technical Standard]]  (RTS)
*[[Software]]
*[[Standard contribution rate]]
*[[Standard cost]]
*[[Standard deviation]]
*[[Standard Listing]]
*[[Standard rated]]
*[[Standard Setting Body]]
*[[Standard variable rate]]
*[[Tailor]]
*[[White-label]]


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

Revision as of 15:28, 4 January 2023

1. Quality - regulation - noun.

A level of attainment or quality, especially a minimum level or a mandatory level.

Including levels established, monitored and enforced by regulators and legal authorities.

Examples include the Standards developed and issued by the ISO, and International Financial Reporting Standards (IFRS).


2. Documentation - noun.

The document containing the detailed description of a formal Standard.


3. Adjective.

Normal, average or usual.

For example, a standard cost in a production or service process.


See also

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