Topical Terminology > A Misstatement Is Inconsequential
A Misstatement is Inconsequential
For A Misstatement is Inconsequential we have terms and definitions in 2 topics. The topics are Accounting and Accounting Terms.
A Misstatement Is Inconsequential (Accounting) 
If a reasonable person would conclude after considering the possibility of further undetected misstatements that the misstatement either individually or when aggregated with other misstatements would clearly be immaterial to the financial statements. If a reasonable person could not reach such a conclusion regarding a particular misstatement, that misstatement is more than inconsequential.
See more Accounting Terms ...
A Misstatement Is Inconsequential (Accounting Terms)
If a reasonable person would conclude after considering the possibility of further undetected misstatements that the misstatement either individually or when aggregated with other misstatements would clearly be immaterial to the financial statements. If a reasonable person could not reach such a conclusion regarding a particular misstatement, that misstatement is more than inconsequential.
See more Accounting Terms Terms ...
Similar
Browse words that start with:
- A
- A M
- A Mi
- A Mis
Browse All Terms by First Letter
Term Search
Looking for more topical resources?
> Feeds
> General Reference
> News Video
> Recipes
> Podcasts
> Tags
We currently have 172,616 terms and definitions across 1,105 topics.
This work is licensed under Creative Commons.
Design by NOWdesign
