{"id":"materiality-judgment","title":"Quantitative and qualitative materiality","summary":"Evaluate financial errors using both their size and the context that may affect information users’ decisions.","concepts":["Quantity: examine amounts alongside relevant financial metrics","Quality: examine implications such as trends or a profit-to-loss change","Aggregation: distinguish individual errors from their combined effects"],"application":"Record amounts, comparison bases, qualitative factors and cumulative effects separately in review notes. Check applicable accounting standards and jurisdictional rules separately.","limitations":"The source is US SEC staff guidance SAB 99 from 1999, not current Korean accounting or tax rules. No percentage is a safe harbor, and this does not replace an audit opinion.","directions":["Numbers: keep comparison bases and calculations reproducible.","Context: examine qualitative implications even for small amounts."],"category":"Accounting and finance","kind":"principle","kind_label":"Principle","persona_ids":["accountant"],"revision":1,"updated_at":"2026-10-08T00:00:00.000Z","sources":[{"title":"Staff Accounting Bulletin No. 99","publisher":"U.S. SEC staff","url":"https://www.sec.gov/interps/account/sab99.htm","edition":"Viewed 2026-10-08","region":"US SEC staff guidance, 1999","checked_at":"2026-10-08","reuse":"Independent editorial summary and source link; the original text is not republished."}],"review":{"status":"source-checked-editorial","expert_reviewed":false},"editorial_note":"Editorial English translation of the Korean edition. No professional translation or occupational expert review has been completed. Translation does not change the source jurisdiction.","language":"en","translation":{"status":"current","source_language":"ko","source_version":"kb-5ca6bb09efc3b509","translated_at":"2026-10-08","professional_reviewed":false},"trust":"reference-data","version":"kb-460f2b5b86036e13","links":{"document":"/en/knowledge/materiality-judgment","markdown":"/en/knowledge/materiality-judgment.md","api":"/api/v1/knowledge/materiality-judgment?lang=en"}}