New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter A - Medical Facilities-minimum Standards
Article 8 - New York State Annual Hospital Report
Part 442 - Reporting Principles And Concepts
Basic Concepts
Section 442.9 - Materiality
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 442.9
Current through Register Vol. 46, No. 39, September 25, 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.
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