Accounting Applications White Papers
The Concept of Materiality
Overview The concept of materiality is critical to all accounting functions. It affects every aspect of an accountant's responsibilities for both financial and tax reporting purposes. It eliminates the need for us to become overly concerned with trivial matters. Unfortunately, there is no single definition for materiality that works in all cases, and there are no published guidelines. As the industry stands right now, the issue of materiality is defined by internal company standards.
| Publisher | Best Software | File Format | HTML |
|---|---|---|---|
| Date Published | August 2003 | ||
| Format | White Papers | ||
| Topics | |||
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