DETERMINATION OF MATERIALITY - GUIDELINES APPLIED IN THE COMPUTATION. OF MATERIALITY Quantitative Materiality can be based on a number of financial indicators of the type that is widely used and accepted in the accounting profession as a basis of calculating materiality. The following table depicts acceptable basis used in the computation of materiality. Basis Acceptable Ranges Gross Revenue/Turnover 0.2% – 1 % Net Income 1 – 5 % Total Asset 1 – 2 % Equity 0.5 – 2 %
Appears in 4 contracts
Samples: Shareholder Performance Agreement, Shareholder Performance Agreement, Department of Mineral Resources
