How does the SEC define materiality? How does that definition differ, if at all, from the definitions

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How does the SEC define “materiality”? How does that definition differ, if at all, from the definitions of materiality included in accounting and auditing standards?

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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Question Posted: Oct 02, 2014 07:46 AM

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How does the SEC define materiality? How does that definition differ, if at all, from the definitions

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Ironically the SEC does not have its own materiality standard Instead the SEC invokes the following definition of materiality applied by the US Suprem...View the full answer

Contemporary Auditing

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