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Audit glossary

Materiality

How significant a matter is to the people relying on the audit.

CISACIA

Something is material if it could change the decisions of those relying on the audit. In IS audit, materiality is judged by impact on business objectives, not only by money: a small system holding sensitive data can be material.

On the exam

Prioritise findings by their impact on the business. A control gap in a system that supports critical processes outranks a bigger technical flaw in a minor one.

Related terms

  • Audit riskThe risk of reaching the wrong conclusion about what you audited.

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