numeric materiality standard
Defined in 2 places — 1 distinct definitions of the United States Code.
The term "numeric materiality standard" means a dollar amount of misstatements, including omissions, contained in an incurred cost audit that would be material if the misstatements, individually or in the aggregate, could reasonably be expected to influence the economic decisions of the Government made on the basis of the incurred cost audit.
Same definition in 2 sections
- 2017–present10 U.S.C. § 2313bArmed Forces · Renumbered § 3842] · in this section
- 2020–present10 U.S.C. § 3842Armed Forces · Performance of incurred cost audits · in this section