Accounting Error

(redirected from Accounting Errors)

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 ?
The referrals followed an investigation by the CMA after Mobily was forced to restate 27 months of earnings due to accounting errors, Reuters reported.
5 billion a year earlier due to its affiliate's Etihad Etisalat (Mobily) accounting errors and forex losses.
2 telecom operator in the kingdom has been hit by accounting errors related to the excessive booking of revenue from wholesale broadband leases and mobile promotional campaigns.
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.
The complaint focuses on the alleged role Schorsch played in the accounting errors that were intentionally concealed.
The company has completed the internal review related to instances of misconduct and accounting errors at its Aerospace Systems segment.
Excellus reported that these accounting errors -- which affected 12,000 customers -- were the result of a technology glitch following modifications to its software, according to the AG's office.
6 million was listed under the heading of "cumulative effect of changes in accounting principles and corrections of material accounting errors.
Pandiscio's resignation follows the firing of the school district's business manager, Peter Brennan, in July, after the discovery of what the School Committee and administration said are accounting errors that were traced to the use of spreadsheets that were not backed up by the district's Munis accounting system.
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.