Judged by an accountant or auditor as insignificant to an informed reader of financial statements; said of minor items which are erroneous, omitted, or inconsistent (Source: FHA Handbook 4370 4 REV-1, Appendix 2)
not consisting of matter; "immaterial apparitions"; "ghosts and other immaterial entities" (often followed by `to') lacking importance; not mattering one way or the other; "whether you choose to do it or not is a matter that is quite immaterial (or indifferent)"; "what others think is altogether indifferent to him" of no importance or relevance especially to a law case; "an objection that is immaterial after the fact
not pertinent to the matter under consideration; "an issue extraneous to the debate"; "the price was immaterial"; "mentioned several impertinent facts before finally coming to the point"
(often followed by `to') lacking importance; not mattering one way or the other; "whether you choose to do it or not is a matter that is quite immaterial (or indifferent)"; "what others think is altogether indifferent to him"