The concept of materiality is one of the most fundamental and significant concepts within the financial and corporate reporting ecosystem. Milton Segal, senior executive for corporate reporting, Saica ...

In the accounting profession, the concept of materiality in financial reporting comes from two distinct areas: Generally accepted accounting principles (GAAP), and generally accepted auditing ...

The AICPA Auditing Standards Board (ASB) is proposing changes to the definition of materiality in its standards for auditors and attestation engagements to eliminate inconsistencies with the ...

The emerging concept of double materiality offers an opportunity to think more comprehensively about the role of the financial system in urgently addressing the ecological challenges of our times.