Plusquote: Materiality

Discussions about materiality are not material.

This, after realizing that all too often, the discussions about materiality were/are either by Eager Beavers (not having grown above box checking zealots), or by outsiders qua experience and expertise, e.g., lawyers (q.q.) and ‘governance’ bubbletypes.
Whereas, when ‘materiality’ (or its twin-at-a-right-angle, ‘significance’) its pass-or-fail boundary is discussed, not the precise measure (and hence, rigorous definition) counts, but the very fact that there is a discussion in the first place. That is material, that points at an issue. Wise minds (q.q. probably not directly involved ..!) understand this point and will not want to join the discussion, leaving the latter to the nonderstandables.

Think about it — when the discussion arises for whatever reason, that mere fact already is a signal, which can simply be reported as such, together with all its glorious detail. Must. For it is material significant oh whatever…

Leaving you for the weekend with:
20150109_150127[1]
[“It’s only a model” it aint ..! in Rotterdam — oh wait that’s a scaled re-build…]

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About maverisk

Maverisk Consultancy, IS Audit and Advisory services: Wikinomics meets governance and audit; otherwise, see my personal LinkedIn profile
This entry was posted in Books by Quote, ERM, GRC, Information Risk Management, Sociological, psychological notes and tagged , , , , , . Bookmark the permalink.

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