Home For AAT student members General AAT student discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


materiality ?

Does this mean when something in significant in the financial statements they can't miss it out ?

Comments

  • hal978hal978 LondonMAAT, AAT Licensed Accountant Posts: 187
    In simple terms yes, but the correct definition is: information is material if omission or misstatement could influence the decisions that users make on the basis of financial information about a specific reporting entity
Sign In or Register to comment.