IASB issues Practice Statement Making Materiality Judgements

The IASB has issued the guidance “IFRS Practice Statement 2 Making Materiality Judgements” on how to make materiality judgements.
The Practice Statement gathers all the materiality requirements in IFRS Standards and adds practical guidance and examples companies may find helpful in deciding whether information is material. The Practice Statement is not mandatory and neither changes requirements nor introduces new ones.

For more information, please refer to the IASB website.