Materiality

Synonyms of materiality

• importance
• significance
• relevance

Antonyms of materiality

• insignificance
• irrelevance
• immateriality

Collocations of materiality

financial materiality

Frequency: 70 %

The accountant assessed the financial materiality of the error.

legal materiality

Frequency: 60 %

The lawyer explained the legal materiality of the contract clause.

regulatory materiality

Frequency: 50 %

The company complied with the regulatory materiality requirements.

audit materiality

Frequency: 45 %

The auditor determined the audit materiality threshold for the financial statements.

environmental materiality

Frequency: 40 %

The environmental materiality of the pollution incident was under investigation.

Idiomatic Expressions for materiality

• Phrase: materiality concept
  Meaning: the idea that certain information is important enough to impact decision-making
  Usage: The materiality concept guided the accountant in determining which expenses to highlight in the report.