Misstatement
91Strategic misrepresentation — is the planned, systematic distortion or misstatement of fact lying in response to incentives in the budget process. Examples of strategic misrepresentation in budgeting illustrate that it is a contingent strategy responsive to a system of… …
92Internal control — In accounting and organizational theory, Internal control is defined as a process effected by an organization s structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific… …
93Political positions of Mitt Romney — The political positions of Mitt Romney have developed over the course of his life, both in observing his father George W. Romney in public office, and pursuing his own political ambitions.Fact|date=July 2008 Though there have been some widely… …
94Bilafond La — Infobox Mountain Pass Name = Bilafond La Photo = Caption = Elevation = 5,450 metres (17,881 ft) Location = Kashmir, IndiaIndia is in de facto control of this region of Kashmir; the Indian claim is disputed by Pakistan. See e.g.… …
95Fraud deterrence — has gained public recognition and spotlight since the 2002 inception of the Sarbanes Oxley Act. Of the many reforms enacted through Sarbanes Oxley, one major goal was to regain public confidence in the reliability of financial markets in the wake …
96Tort of deceit — The tort of deceit, also known as fraud , dates in its modern development from Pasley v. Freeman . [(1789) 3 T.R. 51] Here the defendant said that a third party was creditworthy to the claimant, knowing he was broke. The claimant loaned the third …
97United Kingdom company law — Beside the River Thames, the City of London is a global financial centre. Within the Square Mile, the London Stock Exchange lies at the heart of the United Kingdom s corporations. United Kingdom company law is the body of rules that concern… …
98Inherent risk — Inherent risk, in auditing, is the risk that the account or section being audited is materially misstated without considering internal controls due to error; inherent risk does not include an assessment of the risk of material misstatement due to …
99Detection Risk — Detection Risk, in auditing, is the risk that the auditing procedures used will not find a material misstatement in the financial statements of the company being audited.ee also*Risk Assessment *Inherent risk *Control Risk …
100Audit substantive test — Substantive procedures (or substantive tests) are those activities performed by the auditor during the substantive testing stage of the audit that gather evidence as to the completeness, validity and/or accuracy of account balances and underlying …
