The Danish Securities Council’s general considerations and deliberations on the assessment of materiality in relation to its financial reporting enforcement activities

In connection with the Danish Securities Council's enforcement activities regarding financial information in the annual and interim reports of listed undertakings, inquiries have been made as to the Council's assessment of materiality.

The reason for the inquiries is that the assessment of materiality is based on individual judgement and that different persons may have different views on what is considered material. Guidelines are therefore needed to ensure a more uniform assessment of materiality.

In response to this, the Danish Securities Council has prepared a memorandum setting out the Council's considerations and deliberations in assessing accounting materiality in annual and interim reports on a general level.

See the full report here (pdf)