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Disclosure initiative — Materiality - IASB

Date recorded:

At its meeting on April 27-29, 2015, the IASB met and discussed its Materiality project. The members of the IASB confirmed that they are satisfied that the IASB has completed all of the necessary due process steps to date. The IASB therefore instructed the staff to commence the balloting process for the ED. The IASB also tentatively decided that a general disclosure Standard (such as IAS 1, Presentation of Financial Statements or a replacement Standard) should include proposed amendments to the definition of materiality and clarifying paragraphs on the key characteristics of materiality.

Review the IASB Update.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.