Dear Professor,
Why is Board proposing to introduce Making Materiality judgments(MMJ)? Like i understand what's inside it from the infoamrion given in my study text. However, Board only introduces a discussion paper when there is a flaw in current accounting standard or dearth of information.
So what triggered the need for MMJ discussion paper?
Ask the Tutor ACCA SBR
Making Materiality judgments
5y ago#1Too much disclosure in FS - so only disclose things if they are really material - key words are misstatement, omission and obscuring.
All about using better judgement
Read examiner article BIN THE CLUTTER
Sign into reply to this topic.