Question: 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?

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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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 full answer

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