Define: Materiality

UK Accounting Glossary

Definition: Materiality

Quick Summary of Materiality

Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements.

What is the dictionary definition of Materiality?

Dictionary Definition

  1. The quality of being material; having a physical existence.
  2. legal The quality of being of consequence to a legal decision.


Full Definition of Materiality


Materiality FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Materiality. Payroll & Accounting Heaven Ltd. November 16, 2019
Chicago Manual of Style (CMS):
Materiality. Payroll & Accounting Heaven Ltd. (accessed: November 16, 2019).
American Psychological Association (APA):
Materiality. Retrieved November 16, 2019, from website:

Definition Sources

Definitions for Materiality are sourced/syndicated from:

This glossary post was last updated: 23rd December 2018.