You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

Reply #34: EVERYONE should brush up on the legal concept of "materiality" upon which this law hinges. [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

TahitiNut

(1000+ posts) Send PM | Profile | Ignore

Sat Mar-24-07 11:21 AM
Response to Original message

34. EVERYONE should brush up on the legal concept of "materiality" upon which this law hinges.

A material fact or a materially false statement is the focus of all such laws and regulations, including those regarding financial statements. (As a former internal auditor, I can assure you this is NOT a mere 'technicality.')

Like much of law, it relies upon the fictitious "reasonable person" - so BEWARE. :evilgrin:

Read ...
http://www.lectlaw.com/def2/m021.htm

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.