The International Public Sector Accounting Standards Board (IPSASB) has published draft guidance on making materiality judgements.
The proposed guidance sets out a four-step approach to identifying, assessing, organising and reviewing potentially material information.
IPSASB chair Thomas Müller-Marqués Berger stated: “Materiality helps entities determine what information to include in or exclude from financial statements, and our proposed guidance […] provides a systematic approach to making such judgments.”
A public consultation on the draft guidance is open until 28 August.
Companies:IPSASB
People:Thomas Müller-Marqués Berger
