Topic
Materiality
117 published works
White Collar Crime Prof Blog
Materiality and the Flynn Prosecution
Title 18, United States Code, Section 1001, criminalizes certain false statements or omissions made to the federal government. The statute requires that the false statement be material to a matter…
Inside the False Claims Act
Tenth Circuit Strictly Enforces Materiality Requirement to Nix FCA Lawsuit
By Brian Irving
The Tenth Circuit recently affirmed the dismissal of a declined qui tam False Claims Act lawsuit filed against Lawrence Memorial Hospital (LMH) by a former LMH employee, reasoning that the…
Inside the False Claims Act
<em>Escobar</em>’s “Rigorous” Materiality Standard: Recent Developments – Part One
This is the first post of a two-part discussion of recent developments related to the materiality standard set forth by the Supreme Court in Universal Health Services, Inc. v. U.S.…
Inside Government Contracts
Tenth Circuit Provides New Material on FCA’s Materiality Standard
Earlier this month, the United States Court of Appeals for the Tenth Circuit issued a decision that provided further clarity on the False Claims Act’s standard for materiality. The decision,…
Energy & Environmental Law Adviser
SEC Indicates it Will Not Modify Climate Change Disclosure Criteria
Chairman Jay Clayton provided his own view of climate disclosure criteria, and two other commission members also provided insight at the end of last month. This indicates that climate disclosure…
Free Writings + Perspectives
AICPA Issues Statements on Standards Amending Concept of Materiality
The American Institute of Certified Public Accountants (“AICPA”) Auditing Standards Board issued Statement on Auditing Standards No. 138 and Statement on Standards for Attestation Engagements No. 20 to amend the…
The CLS Blue Sky Blog
How Do Auditors Determine What’s Material?
By Preeti Choudhary Kenneth Merkley, Katherine Schipper
U.S. public company audits all include a simple step to determine whether an amount is large or significant for their clients, otherwise known as materiality. This decision influences the planning…
Lawyers on Strike
The SCOTUS “Materiality” Quagmire (Corrected)
By John Regan
(SIGNIFICANT CORRECTION APPEARS AFTER THE BREAK) The term is coming to an end and we’re still stuck in it. A faint effort to clarify things took place with McDonough v.…
The CLS Blue Sky Blog
SEC Chair Clayton Offers “MD&A” for the Agency
By Jay Clayton
Disclosure and the concepts of materiality, comparability, flexibility, efficiency and responsibility have been, and continue to be, the bedrock principles that make our public capital markets the most fair and…
The SEC Institute Blog
Preparing for Year-End 2018: Number Six – An SEC Comment Challenging Materiality Judgments
Materiality is always one of the most complex judgments we make. You can check out some background in these earlier posts about materiality considerations, SAB 99 and related issues. As a…