Both the First and Sixth Circuit tests first determine whether the violation satisfies the Giglio materiality standard, and second determine whether the violation is harmless error under Brecht.
114) The materiality standard for the knowing use of perjured testimony (whether the false testimony could reasonably be said to have impacted the judgment of the jury) is more "friendly" to the petitioner than is the Breeht harmless error standard (whether the perjured testimony in fact had a substantial and injurious effect or influence on the jury's verdict).
The presence of above-mentioned limitations unavoidably necessitates paying attention to the applied precision to prepare the information and the significance of revealing such information, that is, the concept of materiality in accounting.
The accounting standards necessitate audition to be planned and performed in a manner that it assures the absence of any mistakes or deviations related to the concept of materiality in the financial statements.
C, the exclusive application of the quantitative materiality
(such as 5 % of the profit) is groundless in the accounting or legal literature.
Finally, some courts espouse the view that "[b]ecause in an efficient market 'the concept of materiality
translates into information that alters the price of the firm's stock,' if a company's disclosure of information has no effect on stock prices, 'it follows that the information disclosed .
judgments about materiality
are made in light of surrounding circumstances and are affected by the size or nature of a misstatement, or a combination of both.
A few features that may be significant for materiality
Clements examined whether accounting professionals would whistleblow internally for three scenarios with increasing materiality
Sub : Determining materiality
of an event or information for making disclosures to stock exchange(s)
The GEMI Quick Guide on Materiality
is designed to help corporations: understand materiality
and its relationship to sustainability; recognize the importance of materiality
in defining an appropriate sustainability strategy; and learn what factors to consider when undertaking a materiality
The pair then duelled for the remainder, Materiality
edging right entering the final furlong under John Velazquez before holding on in gritty fashion to win by a length and a half.