Materiality: A concept used in risk assessment and audit planning to define the significance of a risk or a discrepancy. If the effect of a risk or discrepancy is large enough to impact decisions made based on the outcome, it is considered material. This principle guides the identification of relevant issues and ensures that time and resources are allocated to manage the most impactful risks.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D1: Information Security governance | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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