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matérialité des opérations

English translation: materiality

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:matérialité des opérations
English translation:materiality
Entered by: Ioanna Daskalopoulou
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21:46 Sep 3, 2008
French to English translations [PRO]
Bus/Financial - Accounting
French term or phrase: matérialité des opérations
"La mission d’établissement des comptes annuels ne comporte pas le contrôle de la matérialité des opérations". in a letter of engagement of an accountant. thanks
Jane RM
France
Local time: 17:28
materiality
Explanation:
Materiality is defined in the glossary of the International Accounting Standards Board’s “Framework for the Preparation and Presentation of Financial Statements” as:

Materiality—Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements. Materiality depends on the size of the item or error judged in the particular circumstances of its omission or misstatement. Thus, materiality provides a threshold or cutoff point rather than being a primary qualitative characteristic which information must have if it is to be useful.
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Ioanna Daskalopoulou
Greece
Local time: 18:28
Grading comment
thanks
4 KudoZ points were awarded for this answer

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Summary of answers provided
5materiality
Ioanna Daskalopoulou


  

Answers


54 mins   confidence: Answerer confidence 5/5
materiality


Explanation:
Materiality is defined in the glossary of the International Accounting Standards Board’s “Framework for the Preparation and Presentation of Financial Statements” as:

Materiality—Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements. Materiality depends on the size of the item or error judged in the particular circumstances of its omission or misstatement. Thus, materiality provides a threshold or cutoff point rather than being a primary qualitative characteristic which information must have if it is to be useful.



    Reference: http://www.reyhl.com/peer_review/materiality.html#definition...
Ioanna Daskalopoulou
Greece
Local time: 18:28
Works in field
Native speaker of: Native in GreekGreek, Native in EnglishEnglish
PRO pts in category: 4
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Changes made by editors
Sep 4, 2008 - Changes made by Ioanna Daskalopoulou:
Created KOG entryKudoZ term » KOG term


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