Define: Materiality

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

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.

Definitions for Materiality are sourced/syndicated from:

• A Dictionary of Economics (Oxford Quick Reference)
• BusinessDictionary.com
• Oxford Dictionary Of Accounting
• Oxford Dictionary Of Business & Management

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