In accounting, the term 'immaterial' describes items or issues that do not significantly influence financial statements or decision-making processes. For example, a minor miscalculation in an expense that represents a very small proportion of total costs might be termed immaterial since it likely would not alter a stakeholder's understanding of the financial information. Materiality, the concept from which immateriality is derived, is guided by the principle that only information large enough to influence decisions should be a focus in reporting. For instance, if a company discovers that one of its office supply bills was slightly over-recorded for the month, adjusting this expense may not necessarily be critical, because the potential effect is negligible in relation to the company's overall financial performance. Knowing what is immaterial helps accountants focus on the details that truly matter for financial integrity and compliance. However, frequent patterns of 'immaterial' discrepancies might collectively carry significance, thus needing attention.