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Principle 4: Only include what is material
Determine what information and evidence must be included in the accounts to give a true and fair
picture, such that stakeholders can draw reasonable conclusions about impact.
One of the most important decisions to make is which outcomes to include and exclude from an
account. This decision should recognise that there will be many outcomes, and a reporting
organisation cannot manage and account for all of them.
The basic judgement to make is whether a stakeholder would make a different decision about the activity if a particular piece of information were excluded. An assurance process is important in order to give those using the account comfort that material issues have been included.