Statement of Common Principles of Materiality

This statement sets out a comparison of materiality definitions and approaches and represents common foundational principles that participants of the Corporate Reporting Dialogue believe to be broadly consistent with all forms of standards’ development and business reporting to stakeholders.

Whilst each Corporate Reporting Dialogue participant will need to tailor any definition of materiality to its respective mission, most participants have acknowledged through this paper a foundational principle of materiality. Material information is any information which is reasonably capable of making a difference to the conclusions stakeholders may draw when reviewing the related information.

Posted under: Report

Corporate Reporting Dialogue participants

ISO
(Observer)