Misstatement - Revision history

imported>Doug Williamson: Add link.

2022-03-03T08:33:42Z

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	* [[Disclosure]]		* [[Disclosure]]
	* [[Factual misstatement]]		* [[Factual misstatement]]
			*[[False accounting]]
	* [[Financial reporting]]		* [[Financial reporting]]
	* [[Fraud]]		* [[Fraud]]

imported>Doug Williamson: Mend link.

2021-07-20T12:58:16Z

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	* [[Qualified audit report]]		* [[Qualified audit report]]
	* [[Unqualified audit report]]		* [[Unqualified audit report]]
	* [[Window dressing]]		* [[Window-dressing]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Doug Williamson: Add link.

2021-07-20T12:57:45Z

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	* [[Unqualified audit report]]		* [[Unqualified audit report]]
			* [[Window dressing]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Doug Williamson: Mend link.

2021-07-02T05:11:28Z

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	* [[Fraudulent misrepresentation]]		* [[Fraudulent misrepresentation]]
	* [[Innocent misrepresentation]]		* [[Innocent misrepresentation]]
	* [[~~Judgemental~~ misstatement]]		* [[Judgmental misstatement]]
	* [[Law]]		* [[Law]]
	* [[Material]]		* [[Material]]

imported>Doug Williamson: Add reference to omissions.

2021-07-02T05:02:51Z

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	Types of misstatement include factual misstatements and judgmental misstatements.		Types of misstatement include factual misstatements and judgmental misstatements.

			Misstatements include omissions.

imported>Doug Williamson: Create page. Sources: Accounting guide https://accountinguide.com/misstatement-in-audit/ & Practical law https://uk.practicallaw.thomsonreuters.com/6-107-6878?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=Generally%2C%20an%20acti

2021-07-02T03:02:18Z

Create page. Sources: Accounting guide https://accountinguide.com/misstatement-in-audit/ & Practical law https://uk.practicallaw.thomsonreuters.com/6-107-6878?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=Generally%2C%20an%20acti

New page

1. ''Financial reporting - audit.''

In financial reporting, misstatements are differences between amounts reported - or other disclosures - in financial statements, and the amounts or disclosures required by relevant accounting standards.

Misstatements may be a result of error or of fraud.

Types of misstatement include factual misstatements and judgmental misstatements.

In cases of identifying material misstatements, auditors will be unable to give an unqualified audit report.

2. ''Law.''

Any false statement, not necessarily one made between two parties forming a contract together.

== See also ==
* [[Accounting standards]]
* [[Audit]]
* [[Auditors’ report]]
* [[Contract]]
* [[Disclosure]]
* [[Factual misstatement]]
* [[Financial reporting]]
* [[Fraud]]
* [[Fraudulent misrepresentation]]
* [[Innocent misrepresentation]]
* [[Judgemental misstatement]]
* [[Law]]
* [[Material]]
* [[Misrepresentation]]
* [[Negligent misrepresentation]]
* [[Negligent misstatement]]
* [[Qualified audit report]]
* [[Unqualified audit report]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]