Extract to table

The standard acknowledges that forecasting future conditions involves significant estimation uncertainty and that management must exercise substantial judgment in applying the model

Materiality Analysis The materiality of the alleged understatement in this matter must be assessed under the framework established by the Supreme Court in TSC Industries and Basic Inc

99 establishes that materiality cannot be assessed by reference to a single quantitative threshold; rather, both quantitative and qualitative factors must be considered

99 expressly instructs that a quantitative exceedance is not dispositive and that qualitative factors must also be evaluated