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Stephen Widberg.
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Jiya024
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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?
Stephen Widberg
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Too 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
Jiya024
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