Materiality accounting principle
0:32
YouTubeThe Finance Storyteller
Materiality accounting principle
The main idea of materiality is that we are born to be awesome, not perfect. We try to avoid mistakes, yet they do occasionally happen, and some mistakes are more painful than others. Materiality is the threshold above which missing or incorrect information in financial statements is considered to impact the fair and accurate representation of ...
4.6K viewsJul 11, 2023
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