materiality
2
8.4
- noun
- /məˌtɪəriˈælɪti/
- Specialized
:
relevancia
- While AAR and PDR are measures of the likelihood of a misstatement, materiality determines the magnitude of a significant misstatement.
- materiality threshold
- statement materiality
- level materiality
We've spent the last few thousand years really focused on becoming expert in fact, materiality and judgement.
- We've spent the last few thousand years really focused on becoming expert in fact, materiality and judgement.
Examples
-
The definitional and measurement issues concerning materiality have not been addressed by the SYSTRUST standards.
Academic text (2000) -
What level the materiality threshold should be set at is subject to differences in opinion.
Academic text (2016) -
The primary reason they cited for making such a presentation was the materiality of bad debt expense to the financial statements.
Academic text (1993) -
Consider first a misstatement whose actual impact on price is greater than the materiality threshold.
Academic text (2016) -
Many providers could have opted not to disclose charity care for materiality reasons.
Academic text (1993) -
The concept of materiality is crucial in accounting, as it helps determine what information is significant enough to influence decision-making.
-
Understanding the materiality of evidence in a court case can greatly affect the outcome, as only relevant facts are considered by the jury.
-
In financial reports, analysts often discuss the materiality of various figures to assess their importance and implications for investors.
Synonyms
118
3.4
A close connection to what is being discussed
1
4.9
Something that has a clear purpose or value
1
6.3
How much something connects to the topic being discussed
1
6.7
The quality of being important and serious that makes people pay attention
1
7.9
Being very important and likely to have big effects
Something that has enough value to make the time or effort a good use
The quality of being large, solid, or important
Clearly related to the subject or question
Antonyms
How Important
- Specialized
4
9.1
194
3.8
- Specialized
2
8.4
118
3.4
6
5.4
Surface Forms
Morphology
Etymology
The word materiality also comes from material, and a helpful way to remember this meaning is to think of the word matter, because if something 'matters' it is 'important'. So materiality means how relevant or important something is.