# Staff Accounting Bulletin No. 99
> **US Securities and Exchange Commission** · Publication of Staff Accounting Bulletin. · Published 1999-08-19 · Effective 1999-08-12 · 64 FR 45150
## Document
- **Document number:** 99-21484
- **Category:** other
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 64 FR 45150
- **CFR reference:** 17 CFR 211
- **Publication date:** 1999-08-19
- **Effective date:** 1999-08-12
- **Docket:** Release No. SAB 99
## Abstract

This staff accounting bulletin expresses the views of the staff that exclusive reliance on certain quantitative benchmarks to assess materiality in preparing financial statements and performing audits of those financial statements is inappropriate; misstatements are not immaterial simply because they fall beneath a numerical threshold.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/08/19/99-21484/staff-accounting-bulletin-no-99)
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