Word of the Day – August 17, 2019

misstatement

Acronyms

  • None

Preferred Term

  • None

Non-standard Terms

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Definitions

Type Definition Sources
Noun A wrong or inaccurate statement. (used 1 times in citations and controls)
  • Per ISO 704:2009 methodology
Noun A difference between the amount, classification, presentation, or disclosure that is required for a financial statement item to be in accordance with the applicable financial reporting framework and that of the reported financial statement item. (used 0 times in citations and controls)
  • Per ISO 704:2009 methodology
Noun A difference between the measurement or evaluation of the subject matter by the responsible party and the proper measurement or evaluation of the subject matter based on the criteria. Misstatements can be intentional or unintentional, qualitative or quantitative, and include omissions. In certain engagements, a misstatement may be referred to as a deviation, exception, or instance of noncompliance. (used 12 times in citations and controls)

Other Forms

Type Other Form
Plural misstatements
Plural Possessive misstatements'
Possessive misstatement's

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Common Controls

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Citations

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