Facility agent and Factual misstatement: Difference between pages
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imported>Doug Williamson (Create page. Sources: Linked pages.) |
imported>Doug Williamson (Create page. Source: Accounting guide https://accountinguide.com/misstatement-in-audit/) |
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'' | ''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. | |||
Factual misstatements include numerical errors and misclassifications. | |||
Factual misstatements can be objectively determined with certainty, unlike judgmental misstatements. | |||
== See also == | == See also == | ||
* [[ | * [[Accounting standards]] | ||
* [[ | * [[Audit]] | ||
* [[ | * [[Disclosure]] | ||
* [[ | * [[Financial reporting]] | ||
* [[ | * [[Judgemental misstatement]] | ||
* [[ | * [[Material]] | ||
* [[ | * [[Misrepresentation]] | ||
* [[ | * [[Misstatement]] | ||
* [[Negligent misstatement]] | |||
* [[Qualified audit report]] | |||
* [[Unqualified audit report]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 05:07, 2 July 2021
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.
Factual misstatements include numerical errors and misclassifications.
Factual misstatements can be objectively determined with certainty, unlike judgmental misstatements.
