Disclosure Initiative - Definition of Materiality – IASB

Date recorded:

At its meeting on July 18, 2018, the Board decided not to re-expose the proposed amendments to the definition of material and accompanying explanatory paragraphs. The Board is satisfied that the due process requirements have been met and that it has undertaken sufficient consultation and analysis to begin the balloting process for the proposed amendments. The Board agreed with the proposed timetable and gave permission for the staff to prepare the proposed amendments for balloting. No Board members plan to dissent from issuing the amendments.

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