Materiality
Materiality is the threshold above which an omission or misstatement could influence users' decisions; information is material if its size or nature means that failing to disclose or correctly state it would affect investor judgements.
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A gauge fills to 5%, labelled materiality threshold. Firms often start with 5% of profit before tax, or 1% of total assets, as a rough guide: cross it and an omission is presumed material. The threshold is not purely mechanical, though — a small item can still be material if its nature, not its size, would change a reader's judgement.