The significance of a matter is its relative importance to the audit objectives and potential users of the audit report.
It's significance is based on it's importance to the audit's objectives and users.
It doesn't matter if something is important to the audit's objectives.
A woman is getting money from an ATM.
Three workers are sleeping on the job.
Some people in formal wear are somewhere dry.
Two girls jump on the bed angrily.
The person is standing on the ground.
The teams did not give any new insight on the product.