3 ms·
The test is "materiality": in case of information, will someone's knowledge of something (how many gong strikes took place) cause them to make a different inves
by eldavido 12y ago
The test is "materiality": in case of information, will someone's knowledge of something (how many gong strikes took place) cause them to make a different investment decision about the company?
10 x $10 million gong hits per year for a $100mil business? Maybe that's material, but that's a matter of professional judgment for an accountant. It's not black and white.