What is the term for information if its omission or misstatement can influence a decision?

Name: What is the term for information if its omission or misstatement can influence a decision?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Materiality is a concept in accounting and finance that refers to the importance or significance of information. Information is considered material if its omission or misstatement can influence a decision. Therefore, the term for information whose omission or misstatement can influence a decision is "material."

What Is the Term for Information If Its Omission or Misstatement