{"id":1371,"date":"2025-08-25T13:22:00","date_gmt":"2025-08-25T11:22:00","guid":{"rendered":"https:\/\/materiality.astrotea.pl\/?p=1371"},"modified":"2025-12-03T19:24:06","modified_gmt":"2025-12-03T18:24:06","slug":"new-conclusions-to-old-relevance-studies","status":"publish","type":"post","link":"https:\/\/materiality.pl\/en\/wiedza-i-praktyka\/nowe-wnioski-do-starych-badan-istotnosci\/","title":{"rendered":"New conclusions to old significance tests"},"content":{"rendered":"

Section 3.5 has been added to the new ESRS 1, and its title alone is interesting: Practical considerations in determining the material impacts, risks, and opportunities and their related topics to be reported<\/em>, or loosely translated Practical considerations for identifying material impacts, risks, and opportunities and related reporting topics<\/em>. The \u201econsiderations\u201d stem from the fact that the section does not contain any new requirements or provisions, but merely serves to explain that significance testing does not have to be as daunting as is commonly believed.<\/p>\n\n\n\n

Why is it worth familiarizing yourself with this section now and taking it into account when assessing materiality for the 2025 report? The double materiality principle and the detailed provisions governing it have not changed, and the same considerations can (and must!) be made when applying the \u201eold\u201d ESRS. Working in SR TEG and SR Board on simplifying the standards, we included in section 3.5 statements that were obvious to us already at the stage of developing the first version of the standards. They were not recorded at that time because they mainly talk about what not to do \u2013 and standards are meant to define what needs to be done. However, practice has shown that many audit firms and advisors approached materiality testing as a compliance task, expecting each company to do absolutely everything that could potentially be done to assess materiality. But you only need to do the minimum necessary to achieve the goal.<\/p>\n\n\n\n

Section 3.5. reiterates the following points:<\/p>\n\n\n\n