Misstatement
21misstatement — n. a wrong or inaccurate statement …
22negligent misstatement — The terms negligent misrepresentation and negligent misstatement are often confused. Generally, an action for any form of misrepresentation is between contracting parties, whereas an action for negligent misstatement may be invoked whether or not …
23intentional misstatement — index falsehood, lie, misrepresentation, perjury, story (falsehood) Burton s Legal Thesaurus. William C. Burton. 2006 …
24wilful misstatement — A material false statement voluntarily made, with knowledge of its falsity, although not necessarily with intent to deceive. Anzio: 4 ALR 559. See wilfully false …
25misstate — misstatement, n. misstater, n. /mis stayt /, v.t., misstated, misstating. to state wrongly or misleadingly; make a wrong statement about. [1640 50; MIS 1 + STATE] Syn. misreport, falsify, alter, distort. * * * …
26SOX 404 top-down risk assessment — In financial auditing of public companies in the United States, SOX 404 top down risk assessment (TDRA) is a financial risk assessment performed to comply with Section 404 of the Sarbanes Oxley Act of 2002 (SOX 404). The term is used by the U.S.… …
27Information technology audit process — Information technology audit process:Generally Accepted Auditing Standards (GAAS)In 1947, the American Institute of Certified Public Accountants (AICPA) adopted GAAS to establish standards for audits. The standards cover the following three… …
28Materiality (auditing) — Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, or discrepancy. The objective of an audit of financial statements is to enable the auditor to express an… …
29misrepresentation — mis·rep·re·sen·ta·tion /mis ˌre pri ˌzen tā shən, zən / n: an intentionally or sometimes negligently false representation made verbally, by conduct, or sometimes by nondisclosure or concealment and often for the purpose of deceiving, defrauding,… …
30Material Weakness — When one or more of a company s internal controls, put in place to prevent significant financial statement irregularities, is considered to be ineffective. If a deficiency in an internal control is thought to be of material weakness, this means… …
