Misstatement
31Financial audit — A financial audit, or more accurately, an audit of financial statements, is the examination by an independent third party of the financial statements of a company or any other legal entity (including governments), resulting in the publication of… …
32perjury — per·ju·ry / pər jə rē/ n pl ries [Anglo French perjurie parjurie, from Latin perjurium, from perjurus deliberately giving false testimony, from per detrimental to + jur jus law]: the act or crime of knowingly making a false statement (as about a… …
33Entity-Level Controls — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
34falsehood — I noun canard, commentum, deception, dissimulation, distortion, distortion of truth, equivocation, evasion, fabrication, false assertion, false statement, falsification, falsity, falsum, fiction, flam, fraud, fraudulence, inaccuracy, intentional… …
35lie — / lī/ vi lay / lā/, lain, / lān/, ly·ing: to be sustainable or capable of being maintained: have grounds under the law holding that an action of battery would lie Scott v. Bradford, 606 P.2d 554 (1979) remedies for misrepresentation...will not… …
36lie — I (New American Roget s College Thesaurus) v. i. prevaricate, falsify, deceive; recline, rest, be situated; extend. See falsehood, deception, location, horizontal. Ant., fact, truth. lie detector II (Roget s IV) n. 1. [An intentional… …
37misrepresentation — I (New American Roget s College Thesaurus) n. misstate ment, distortion, exaggeration, perversion, falsification; caricature, burlesque, travesty; mimicry, mockery, parody, takeoff, imitation. See falsehood. II (Roget s IV) n. Syn. counterfeit,… …
38Sarbanes-Oxley Act — The Sarbanes Oxley Act of 2002 (USStatute|107|204|116|745|2002|07|30), also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox; is a United States federal law enacted on July 30,… …
39Risk assessment — is a common first step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat. Quantitative risk assessment requires calculations of… …
40Auditor's report — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
