Materiality vs materiality level

is these two terms same? if not whats the relation between these two?( direct or inverse relation?)
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Quick Summary
This discussion clarifies the difference between 'materiality' and 'materiality level'. It explains that 'materiality' is the fundamental concept, which is relative in nature. The term 'materiality level' is not a standard or recognised concept in this context.

There is no materiality level.

The basic concept is materiality. It is a relative concept.

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