Summary

Materiality is the minimum value that is considered to be significant when considering analysis results.

Learn how to add and edit materiality in MindBridge, and how to scope for significant accounts.

Add/Edit materiality

Add or edit materiality from any of these tabs on the Analyze page:

• Financial statements
• Trends
• Ratios
• Prior period comparison
• Risk overview
• Risk segmentation
• Audit assertion risk
• Data table
• Annotations
• Reports*

*Materiality is set to read-only within the report for Summary of Transactional Risk, Planning Analytics, and Significant Account reports. 

1. Go to any dashboard mentioned above. 
2. Beneath Materiality, select Add or Edit.
   The Add materiality window appears.
3. Enter the material value in the Materiality field.
4. If you are editing the value, add a reason for the change beneath Rationale.
5. Select the checkbox to display material accounts when you go back to the Financial Statements tab.
6. Save your work and add materiality to the analysis.

Filter for materiality

Financial statements

If you selected the "show material accounts on financial statements" checkbox when adding/editing materiality, you will automatically see the Financial Statements dashboard populated with the Material accounts option.

1. Go to the Financial statements tab.
2. Use the showing filter to select whether you'd like to see All Accounts, Material Accounts, or Immaterial Accounts.
   The Financial statements dashboard updates to show your selection.

Risk overview

1. Go to the Risk overview tab on the Analyze page.
2. Use the Materiality filter to sort for:
   • Above threshold: Current period value is above the materiality threshold.
   • Below threshold: Current period value is below the materiality threshold.
   • Above percentage of threshold: Current period value is above the provided percentage threshold. 
     The Risk overview dashboard updates to show your selection.

Data table

1. Go to the Data table tab on the Analyze page.
2. In the Filter builder, Add a condition from the following options:
   • Above threshold
   • Below threshold
3. Above percentage of threshold
4. Apply your changes to the filter builder.
5. When you are satisfied with your filters, Apply your changes to update the Data Table.

Select Cancel at any time to discard filters and go back to the Data table tab.

Required materiality

Admins can make materiality a required input, which blocks the ability to perform scoping if materiality is not added.

1. Go to the Analysis profile.
2. In the Tools and settings section, use the toggle to ensure Required materiality is Enabled.
3. When you are satisfied, Save your changes.
   
   

Anything else on your mind? Chat with us or submit a request for further assistance.