Factual misstatement and Faculty of Actuaries: Difference between pages

Revision as of 14:19, 23 October 2012

(FOA). Formerly, one of the two professional actuarial bodies in the UK, based in Edinburgh - the other body being the Institute of Actuaries.

Now merged with the Institute of Actuaries to form the Institute and Faculty of Actuaries.

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-''Financial reporting - audit.''
+(FOA). Formerly, one of the two professional actuarial bodies in the UK, based in Edinburgh - the other body being the Institute of Actuaries.
-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.
+Now merged with the Institute of Actuaries to form the Institute and Faculty of Actuaries.
 == See also ==
-* [[Accounting standards]]
+* [[Actuary]]
-* [[Audit]]
+* [[Institute and Faculty of Actuaries ]]
-* [[Disclosure]]
+* [[Institute of Actuaries]]
-* [[Financial reporting]]
-* [[Judgmental misstatement]]
-* [[Material]]
-* [[Misrepresentation]]
-* [[Misstatement]]
-* [[Negligent misstatement]]
-* [[Qualified audit report]]
-* [[Unqualified audit report]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]