Unformatted text preview: This change has significantly lowered the threshold at which corrective action in the form of restatement is required. Third, decisions on materiality are made and supported by discussions and decisions made on (a) key organizational values, policies, strategies, targets, and goals, (b) the interests and expectations of stakeholders uncovered in stakeholder relations, and (c) identification of significant risks and opportunities. Determination of materiality should not be divorced from these activities. Finally, an organization's eco-efficiency measurements and related internal performance indicators will also provide an important basis for measurements included in sustainability reports. References http://www.promptpapers.com/free_term_papers.php?term_paper=1544049&title=Materiality-In-Financial-Statements http://www.allbusiness.com/finance-insurance/4497618-1.html http://web.ifac.org/sustainability-framework/ohp-determining-materiality...
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- Fall '10
- materiality, financial statement materiality, materiality decisions