Materiality is crucial to the continued, long-term success of any assurance arrangements. Experience indicates that excessive recording and reporting requirements increases organisational costs and, potential unrecognised and unresolved issues if the information is not acted upon.
We can ensure that every metric is subject to a Materiality Test which typical asks whether the metric information is critical to the understanding of performance; to understanding progress towards objectives; to understanding whether the risk appetite has been exceeded or to the understanding of whether the controls systems are functioning.
Through the use of 360oC assurance principles, we can develop and implement data management arrangements for only those metrics which materially add to your organisations knowledge base about risk, control, operations or any other key objective.