Examples of 'material misstatement' in a sentence
Meaning of "material misstatement"
material misstatement: In accounting and auditing, this refers to a significant error or omission in financial statements that could potentially mislead stakeholders
How to use "material misstatement" in a sentence
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material misstatement
Result in a material misstatement of the financial statements.
Consolidated financial statements are free of material misstatement.
Some material misstatement might remain undiscovered.
Assessment of the risks of material misstatement of the financial.
Any material misstatement could cause an application to be rejected.
That could result in a material misstatement in the financial.
The material misstatement is deemed to be pervasive to the financial statements.
The determined risks of material misstatement.
Result in a material misstatement of the aforementioned accounts.
Consider factors that affect the risk of material misstatement.
Material misstatement by shipper.
Areas of higher assessed risk of material misstatement or significant risk.
Risks of material misstatement at the financial report and assertion levels.
A significant difference with paper based assurance is the concept of material misstatement.
The risk of not detecting a material misstatement resulting from fraud is.
See also
Reasonable assurance whether the financial statements are free from material misstatement.
Assessing and responding to risks of material misstatement are two critical components of an audit.
How best to structure the requirements related to responding to risks of material misstatement.
The assessed risk of material misstatement for a given area of the audit.
In the context of the procedures performed, we are not aware of such a material misstatement.
Risks of material misstatement at the assertion level are assessed in order to determine the.
The internal controls in preventing or detecting a material misstatement in the financial statements.
The risks of material misstatement at the assertion level consist of two components, inherent.
Fraud is part of a much broader area called material misstatement which also can include error.
Accordingly, a material misstatement of the financial statements may arise in relation to the following, a.
RMM is the risk of material misstatement.
Of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement.
Assess the risks of material misstatement and to design and perform further audit procedures to.
In general, the extent of audit procedures increases as the risk of material misstatement increases.
Identifying and assessing the risks of material misstatement by understanding the entity and its environment.
The audit team should discuss the susceptibility of the entity 's financial statements to material misstatement.
Evidence relating to the auditor 's risk assessment of a material misstatement in the client 's financial statements.
The DoD Agency-Wide financial statements for FY 1999 were subject to a high risk of material misstatement.
Assess-Analyze identified risks of material misstatement to conclude on their significance.
Article 29 bis Material misstatement by shipper.
Draft article 32 . Material misstatement by the shipper.
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