Materiality relates to whether an item is large enough to likely influence the decision of an investor or creditor.

Name: Materiality relates to whether an item is large enough to likely influence the decision of an investor or creditor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Materiality is a concept in accounting that refers to the significance of an amount, transaction, or discrepancy, which could influence the decision-making of users of financial statements, such as investors or creditors.

Materiality Relates to Whether an Item Is Large Enough to Likely