Global Standards for the world economy

Monday 25 January 2021

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Definition of Materiality

Definition of Materiality

 Definition of Materiality

The project objective is to refine the definition of materiality and clarify its characteristics (proposed clarifications).  The proposed clarifications were originally discussed during the development of the Principles of Disclosure Discussion Paper.

In December 2016, the Board decided to separately publish the proposed clarifications in an Exposure Draft. Consequently, the Definition of Materiality project is now separate from the Principles of Disclosure project.

Project stages

Board deliberations

Exposure Draft is expected to be issued in the first half of 2017.