Accounting Error

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Accounting Error

Any mistake on a financial statement or other accounting measurement. An accounting error is not the result of fraud or ill intent, but rather is simply an inaccuracy. An accounting error may (or may not) be the result of negligence and, for that reason, may expose the accountant to a lawsuit.
References in periodicals archive ?
5 billion a year earlier due to its affiliate's Etihad Etisalat (Mobily) accounting errors and forex losses.
ANNOUNCEMENT ON CORRECTION OF ACCOUNTING ERRORS Special
Global Banking News-February 3, 2015--Saudi banks to discuss accounting errors at Etihad
are meeting to discuss the effects of the Saudi Arabian company's accounting errors on SAR 10 billion ($2.
Mobily debt Lenders to Etihad Etisalat are meeting to discuss the effects of the Saudi Arabian company's accounting errors on 10 billion riyals ($2.
Kaf will be suspended until Mobily's audit committee finishes a probe into these accounting errors, according to a statement to Riyadh's bourse.
The company has completed the internal review related to instances of misconduct and accounting errors at its Aerospace Systems segment.
6 million was listed under the heading of "cumulative effect of changes in accounting principles and corrections of material accounting errors.
Almost a third was wiped off the firm's value yesterday after bosses admitted a new system had led to accounting errors in the last two years.
According to the company, accounting errors in recording customer change orders and erroneous journal entries, among other issues, led to the company's overstatement of earnings.
SNACK food firm Glisten said it had swung into the red in the wake of difficult trading and accounting errors in one of its fruit and cereal businesses.
SNACK food firm Glisten say they have swung into the red after difficult trading and accounting errors in one of their fruit and cereal businesses.