"Materiality" Example Sentences
1. The issue of materiality must be considered before making any decisions.
2. The materiality of the evidence presented in court is crucial in determining the verdict.
3. Accounting rules require companies to disclose information based on its materiality.
4. The plaintiff argued that the defendant's omission of material facts constituted fraud.
5. Materiality is often subjective as it depends on the context and perspective.
6. The auditor identified several instances of immaterial misstatements in the financial statements.
7. Determining the materiality level for a specific project can be a challenging task.
8. The company's management team made adjustments to financial disclosures to reflect material events.
9. The court ruled that the plaintiff failed to prove the materiality of the defendant's actions.
10. Materiality assessment is a crucial part of the risk management process in any organization.
11. The accounting team must weigh the cost-benefit of correcting immaterial misstatements.
12. The SEC is responsible for ensuring that public companies disclose all material information to investors.
13. Legal proceedings involve a meticulous examination of the materiality of the facts presented.
14. The board of directors must ensure that all material risks are adequately addressed.
15. The company's operations were significantly impacted by a material change in market conditions.
16. Investors rely on companies to accurately report material information to make informed decisions.
17. The plaintiff's attorney argued that the defendant's actions were both material and fraudulent.
18. The auditor concluded that the financial statements were fairly presented despite several immaterial misstatements.
19. Materiality thresholds can vary depending on the size and complexity of the organization.
20. The company's internal audit team identified several material weaknesses in their internal controls.
21. The court found that the defendant's statement was not material in the context of the case.
22. The management team is required to disclose any material changes to the company's operations to shareholders.
23. The SEC investigates cases of material misstatements and fraudulent financial reporting.
24. The company's investors were shocked by the sudden materialization of a previously undisclosed risk.
25. The auditor's opinion is based on their assessment of the materiality of the financial statement misstatements.
26. Management must ensure that all material events are disclosed in a timely manner to maintain transparency.
27. The board of directors must ensure that all material transactions are conducted with integrity and in the best interest of the company.
28. The legal team advised their clients on the materiality of the evidence gathered during the investigation.
29. Analysts basing their recommendations on material information must factor in risks and uncertainties.
30. Investigative journalists play a vital role in exposing material information that corporations might try to hide.
Common Phases
1.
Materiality is an important factor in financial reporting;
2. The concept of
materiality can vary depending on the circumstances;
3. An item may be considered immaterial if it does not affect the overall financial statements;
4.
Materiality judgments require professional judgment and consideration of various factors;
5.
Materiality thresholds may be set by management or regulatory bodies;
6. Failure to disclose material information can result in legal and financial consequences;
7. The
materiality principle helps ensure that financial statements are accurate and reliable;
8.
Materiality assessments may be performed on a regular basis to ensure compliance with reporting standards;
9.
Materiality can also be a consideration in non-financial reporting, such as environmental or social disclosures;
10.
Materiality is a key concept in auditing and attestation engagements.