### Question
Can you define what numeric materiality standard means?


### Answer
**Numeric materiality standard** is defined as the following in *10 U.S.C. § 3842*:

> a dollar amount of misstatements, including omissions, contained in an incurred cost audit that would be material if the misstatements, individually or in the aggregate, could reasonably be expected to influence the economic decisions of the Government made on the basis of the incurred cost audit

#### Citation:
  - *10 U.S.C. § 3842*
  - Heading: **Subtitle A-General Military Law > PART V-ACQUISITION > Subpart D-General Contracting Provisions > CHAPTER 279-CONTRACTOR AUDITS AND ACCOUNTING**

