N.Y. Comp. Codes R. & Regs. tit. 10 § 442.9
Current through Register Vol. 46, No. 53, December 31, 2024
[ 1180 ] Materiality is an elusive concept with the dividing line between material and immaterial amounts subject to various interpretations. It is clear, however, that an amount is material if its exclusion from the financial statements would cause misleading or incorrect conclusions to be drawn by users of the statements.
N.Y. Comp. Codes R. & Regs. Tit. 10 § 442.9