Artículo 4.15. PS 1 Paragraph 4.15

Information about a matter may be material because of the nature or magnitude of that matter, or a combination of both, judged in relation to the entity’s circumstances. Accordingly, making materiality judgements involves considering both quantitative and qualitative factors. Illustration Although revenue generated during the reporting period by an entity’s operations in a particular location might be small compared with total revenue, information about a factor affecting those operations might be material if, for example, management’s strategy involves expanding operations in that location. Note Qualitative factors management considers in making materiality judgements are characteristics of a matter that, if present, make information about that matter more likely to influence the decisions of users. They include characteristics specific to the entity—for example, the involvement of a related party of the entity—or to the context in which the entity operates, for example, its location or industry.