At times, errors may arise when issuing financial statements. When such an error is identified, a correction must be made. The scope and nature of these corrections dictate a company’s next steps and may provide useful information into financial reporting … Continue reading
Errors may arise when issuing financial statements and when such an error is identified, a correction must be made. The scope and nature of these corrections dictate a company’s next steps and may provide useful information into financial reporting trends. … Continue reading
Accounting corrections are arguably one of the most important metrics in understanding trends in financial reporting. In some of our previous blogs, we discussed the differences between material and immaterial errors, and different regulatory requirements associated with different types of … Continue reading
As 2020 comes to a close, it’s fair to say we’re all looking forward to the New Year; 2020 brought a year of uncertainty, filled with unprecedented events surrounding the Coronavirus pandemic that shook the world. However, despite the challenges, … Continue reading