what is qualitative materiality
Materiality also has a qualitative aspect. This refers to the notion that a misstatement or omission of information can be significant to the users of the financial statements due to the nature, rather than the size, thereof. An example is an important disclosure that is omitted from the financial statements.ateriality depends on the size of the item or error judged in the particular circumstances of its omission or misstatement. Thus, materiality provides a threshold or cut-off point rather than being a primary qualitative characteristic which information must have if it is to be useful..