Materiality
nounverified·updated May 18, 2026
Refers to the significance of a matter in relation to a set of financial or performance information. If a matter is material to the set of information, then it is likely to be of significance to a user of that information
Framework senses
- §1
- Refers to the significance of a matter in relation to a set of financial or performance information. If a matter is material to the set of information, then it is likely to be of significance to a user of that information
- §1
- the quality of being physical
- §2
- relevance requiring careful consideration