Subject matter information
Subject matter information is the outcome of measuring or evaluating an underlying subject matter against criteria. It is the information on which assurance is sought. A financial statement set and a reported emissions total can each be subject matter information, depending on the engagement.
Worked example
An entity calculates a year’s emissions under a specified reporting framework; the resulting emissions disclosure is subject matter information.
Common mistake
Financial statements can be subject matter information; the term is not limited to non-financial data.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |