Materiality - AcSB

Date recorded:

The AcSB decided to respond to the IASB’s forthcoming exposure draft on the application of materiality to financial statements to support the development of this non-authoritative practice statement. The exposure draft is part of the IASB’s disclosure initiative and will propose guidance to assist preparers, auditors and regulators in using judgment when applying the concept of materiality. The IASB expects to issue the exposure draft in the third quarter of 2015.

Correction list for hyphenation

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