Materiality and relevance are both defined in terms of what influences or makes a difference to a decision maker.

Name: Materiality and relevance are both defined in terms of what influences or makes a difference to a decision maker.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Both materiality and relevance are accounting concepts that are defined by their ability to influence the economic decisions of users by helping them evaluate past, present, or future events or confirming, or correcting their past evaluations.

Materiality and Relevance Are Both Defined in Terms of What