03:13 Feb 13, 2007 |
German to English translations [PRO] Bus/Financial - Accounting / Audit report | |||||||
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| Selected response from: Steffen Walter Germany Local time: 12:06 | ||||||
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Summary of answers provided | ||||
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4 | reasons of materiality/substantiality/essentiality |
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4 | for practical reasons |
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3 +1 | paraphrase s.b. (using [im]material) |
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Wesentlichkeitsgründen reasons of materiality/substantiality/essentiality Explanation: but one might also say "for lack of substantiality" rather than reasons of .... |
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for practical reasons Explanation: I would say .... |
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paraphrase s.b. (using [im]material) Explanation: In (IAS/IFRS) accounting, the Wesentlichkeitsgrundsatz is the principle of materiality. See http://www.iasplus.com/standard/ias01.htm "Materiality and Aggregation Each material class of similar items must be presented separately in the financial statements. Dissimilar items may be aggregated only if the are individually immaterial. [IAS 1.29]" See also explanation at http://esgb.comdirect.de/comdirect/gb2005/de/download/glossa... (p. 7). In your case, the sentence "Aus Wesentlichkeitsgründen haben wir auf eine Analyse der diesbezüglichen Prozesse verzichtet." means just the opposite, i.e. the transactions/items were considered immaterial and thus did not warrant any analysis. Suggested translation: We did not analyse the related processes due to the immaterial nature of the underlying transactions/items. |
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