### Question
What does numeric materiality standard mean?


### Answer
**Numeric materiality standard** has the following meaning 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 Requirements > CHAPTER 279-CONTRACTOR AUDITS AND ACCOUNTING**

