A Related-Party Transaction Is Material If

A related-party transaction is material if:

A) Its omission from the report or misstatement would result in significant financial disadvantage to a third party, whether it be an owner, debt-holder or other stakeholder, or if it involves the auditor.
B) Its omission, non-disclosure or misstatement has the potential to affect decisions about the allocation of scarce resources by users of the accounts and consolidated accounts, or the discharge of accountability by directors or if it is a transaction by a director with the reporting entity.
C) Its omission from the report or misstatement would result in the accounts not providing an accurate representation of the financial position or performance of the reporting entity, or if it is a transaction by any member of the senior management of the reporting entity.
D) Its omission, non-disclosure or misstatement has the potential to affect decisions about the allocation of scarce resources by users of the accounts and consolidated accounts, or the discharge of accountability by directors.

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