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Functioning of the Materiality threshold GNIC/340. Agenda item 19, GNIC Meeting, 21-22 April 2016. verifying the ESA 2010 GNI Inventories. Materiality threshold - background. GNI Committee approved, in October 2014 , a materiality threshold of 0.1% of GNI.
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Functioning of the Materiality thresholdGNIC/340 Agenda item 19, GNIC Meeting, 21-22 April 2016
verifying the ESA 2010 GNI Inventories Materiality threshold - background GNI Committee approved, in October 2014, a materiality threshold of 0.1% of GNI.
verifying the ESA 2010 GNI Inventories Materiality threshold – in practice (1) Applied since October 2014. "List of non-material issues" kept: • will be updated on Circabc at least once a year; • relevant issues from the previous list of actions points not leading to a reservation will be added; • and, the issues on the list will be reviewed at least once every control cycle.
verifying the ESA 2010 GNI Inventories Materiality threshold – in practice (2) The materiality threshold was applied for 41 issues so far. 37 issues for transversal reservations. 4 issues for specific reservations.
verifying the ESA 2010 GNI Inventories Materiality threshold – conclusions (1) Facilitates decisions. Addresses equal treatment. Increases transparency and cost effectiveness. No cases identified that would require a change of the criterion for insignificance.
verifying the ESA 2010 GNI Inventories Materiality threshold – conclusions (2) Therefore, Eurostat proposes to continue applying the current materiality threshold without any changes.
verifying the ESA 2010 GNI Inventories GNI Committee The GNI Committee members are invited to give their comments on the use of the materiality threshold, and to approve the continued application of the materiality threshold in GNI controls.
