The ICAS report is titled Materiality assessments in corporate sustainability and financial reporting: Connectivity, practices, processes, and challenges and:

• explores to what extent and how sustainability and financial reporting are becoming connected and overlapping;
• examines the processes followed and challenges faced by preparers when adopting the different concepts of materiality;
• addresses how entities can best identify the relevant material information to be included within both financial and sustainability reporting; and
• questions whether there is one singular conceptualisation of materiality or multiple interpretations that should be applied across different types of information.

The IRC document is titled FAQ — Explaining Materiality in Corporate Reporting. It includes a high-level explanation of the materiality definitions and terms used in some of the standards and frameworks commonly applied in corporate reporting.

Please click to access the following:

• Materiality assessments in corporate sustainability and financial reporting: Connectivity, practices, processes, and challenges and key findings from the report on the ICAS website.
• FAQ — Explaining Materiality in Corporate Reporting on the IRC website.