#15 Immaterial
Posted in List on Feb 6th, 2009
If accountants had their way, everything would be immaterial. “50% of gross assets? Immaterial!” “Oh, it’s only a few hundred million off? Totally immaterial.” Material, roughly speaking, means that an omission or misstatement of the data could potentially influence the decision of an end user. To say something is immaterial is to say that it […]