Artículo 4.1. PS 1 Paragraph 4.1

Information required by the objective of management commentary set out in paragraph 3.1 and the disclosure objectives for the areas of content set out in Part B of this Practice Statement shall be provided if it is material. In the context of management commentary, information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial reports make on the basis of those reports, which include the management commentary and the related financial statements and which provide financial information about a specific reporting entity. Note Information judged to be material for management commentary will typically differ from information judged to be material for financial statements because management commentary and financial statements have different objectives and provide different types of information about a reporting entity. Note An entity’s management commentary need not provide particular information—such as information required to meet a specific disclosure objective for an area of content—if that information is not material. Conversely, if management determines that the information needed to meet the disclosure objectives for the areas of content is insufficient to meet the objective of management commentary, management identifies additional information needed to meet that objective (see paragraph 3.3 ).