Definitions for materiality
məˌtɪər iˈæl ɪ tima·te·ri·al·i·ty

Princeton's WordNetRate this definition:0.0 / 0 votes

1. materialitynoun

   relevance requiring careful consideration

2. materiality, physicalness, corporeality, corporalitynoun

   the quality of being physical; consisting of matter

WiktionaryRate this definition:0.0 / 0 votes

1. materialitynoun

   The quality of being material; having a physical existence.

2. materialitynoun

   The quality of being of consequence to a legal decision.

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. Materialitynoun

   Corporeity; material existence; not spirituality.

   Etymology: materialité, Fr. from material.

   Considering that corporeity could not agree with this universal subsistent nature, abstracting from all materiality in his ideas, and giving them an actual subsistence in nature, he made them like angels, whose essences were to be the essence, and to give existence to corporeal individuals; and so each idea was embodied in every individual of its species. Digby.

ChatGPTRate this definition:0.0 / 0 votes

1. materiality

   Materiality refers to the significance of information or an event to influence the decisions, perceptions, or actions of individuals, businesses, or any specific group. In an accounting or financial context, materiality indicates the threshold above which missing or incorrect information in financial statements is considered to have an impact on the decision making of users. It is a relative concept linked to the size and nature of an omission or misstatement.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Materialitynoun

   the quality or state of being material; material existence; corporeity

2. Materialitynoun

   importance; as, the materiality of facts

3. Etymology: [Cf. F. matrialit.]

WikidataRate this definition:0.0 / 0 votes

1. Materiality

   Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, or discrepancy. The objective of an audit of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in conformity with an identified financial reporting framework such as Generally Accepted Accounting Principles. The assessment of what is material is a matter of professional judgment. The Financial Accounting Standards Board has refrained from giving quantitative guidelines for determining materiality. This has resulted in confusion in the use of Auditing Standards No 47, "Audit Risk and Materiality in Conducting the Audit". Several common rules that have appeared in practice and academia to quantify materiality include: ⁕Percentage of pre-tax income or net income; ⁕Percentage of gross profit; ⁕Percentage of total assets;; ⁕Percentage of total revenue;; ⁕Percentage of equity;; ⁕Blended methods involving some or all of these definitions;

Matched Categories

1. • Relevance

How to pronounce materiality?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say materiality in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of materiality in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of materiality in Pythagorean Numerology is: 7

Examples of materiality in a Sentence

1. Michael Lewis:

   People look at ESG as a luxury and when recession hits it gets thrown out of the window, there's still going to be significant pressure on policymakers not to take their eye off the ball, because of the financial materiality of climate change.

2. Roger Stone:

   I don't think any reasonable attorney who looks at The Washington Post would conclude that I committed perjury, which requires intent and materiality.

3. Gregory Morvillo:

   We have a fundamental disagreement with the SEC as to materiality, not just as applicable to the facts in this case, but as a matter of law.

4. Gregory Morvillo:

   Obviously, we are disappointed in the verdict, we have a fundamental disagreement with the SEC as to materiality, not just as applicable to the facts in this case, but as a matter of law.

5. Peter Henning:

   The materiality issue is not about the death itself, but more about the circumstances of the crash and calling into question a technology that's important to Tesla's future, those are issues that investors want to know, so you could make a reasonable argument that it crossed the (materiality) line. When it's that close, the (U.S.) Securities and Exchange Commission expects disclosure.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=materiality
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Materiality
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=materiality
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/materiality
6. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=materiality