Examples of using Materiality threshold in English and their translations into Polish
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Ecclesiastic
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Computer
Less than 2% below materiality threshold.
The materiality threshold is PIN 50m.
For the moment, the Court applies a uniform 2% materiality threshold across the board.
Materiality threshold in EFCA is 4500€ and estimated level of risk of error is below;
The margin of deviation has been defined in the light of the materiality threshold for errors established by the European Court of Auditors.
That capital buffer ensures that the Bank does not underestimate its internal capital andis recognized as related to the risk materiality threshold.
In quantitative terms the materiality threshold used is the 2% level recommended at Commission level.
The proposal only indirectly addresses the need to set acceptable confidence and materiality thresholds Article 61(1)(e)(ii) and 61(1)g.
However, no common materiality thresholds were yet established by budgetary area taking into consideration the nature of the operations concerned and the tolerable risk for the area in question 52.
In order to establish the actual scope of the reservations,the Directors-General are asked to specify their criterion for defining the materiality threshold.
The second reason is that the European Court of Auditors applies too low a materiality threshold: 2% to all sectors; as audit methods go, these ones must be re-examined.
For agriculture as a whole- €49.8 billion in 2006- the Court found a marked reduction in the estimated overall level of error,although it remains just above the materiality threshold.
The institutions should be able to move away from the general 2% materiality threshold used by the Court of Auditors to conclude on the legality and regularity of the underlying transactions.
For EU-15 this latter percentage has increased from 1,8% in 2003 to 2,2% in 2004,which thereby exceeded the 2% materiality threshold[13] set at Commission level.
Error rates have declined butare still above the materiality threshold set by the European Court of Auditors, indicating that there is still some way to go to simplify and streamline delivery.
For Agriculture and natural resources, the estimated error rate was 2,3%,slightly above the materiality threshold and systems were partially effective.
Despite the fact that this item is significantly above the 2% materiality threshold and that a reputational risk could be linked with this recovery, DG COMP did not conduct a formal impact assessment to determine if a reservation should be raised.
Then we will go ahead and see- as one honourable Member said- that maybe in some areas there should be less materiality threshold, and more in others.
This will mean in some areas fixing a tolerable risk level above the 2% materiality threshold used by the Court of Auditors across all policy areas to conclude on the legality and regularity of the underlying transactions.
For each future spending proposal, you would be asked to'tolerate' a carefullycalculated level of risk, so that the Court- hopefully- would adjust its materiality threshold on that basis.
Because most of the criteria for aggregation of operating segments are met(individually not exceed set in IFRS8 materiality thresholds) Group presents them in reportable segment by geographical split in which Group operations are realized.
Rural development accounts for a disproportionately large part of the overall error while for EAGF expenditure the Court estimates the value of the error rate to be slightly below the materiality threshold 2.
Based on the results of the expost control of 2009 andtaking into account the recurrent character of the high level of detected errors above the materiality threshold(6%), a reservation should have been issued for the Food and Feed Safety activity(ABB), for which the error rate was 6,9.
The central departments of the Commission[8] drafted a circular[9] for the 2005 annual activity reports aiming to simplify and improve the preparation process andprovide guidance on the materiality threshold of weaknesses.
Moreover, the error rates detected in ex-posts audits, in particular for personnel and indirect costs,are still above the materiality threshold defined by the Court of Auditors.
In general these reservations are arrived at by calculating a residual risk orresidual error rate- generally an estimate of the control mechanisms' impact on the error rate on a multi-annual basis- which is compared with the materiality threshold of 2.
Following the peer review of reservations that could be made,the Commission began to study the possibility of introducing a certain degree of modulation in determining the materiality thresholds for the various management areas.
The European Court of Auditors is responsible because it must reflect on its audit methods, and in particular on the materiality levels; it is the responsibility of the Court, not of the Commission orParliament, to lay down the materiality thresholds.
For'agriculture and natural resources', where EUR 51 billion was spent in 2007, the Court found that'rural development' continues to account for a disproportionately large part of the overall error,while the error rate for EAGF expenditure is estimated to be slightly below the materiality threshold.
The extraction and forestry companies listed on the European markets and the major non-listed companies will publish a report on payments to governments, detailing them by country and, where payments are for one specific project,by project, with a materiality threshold.