INCORRECT ACCEPTANCE Definition

Bookmark and Share

INCORRECT ACCEPTANCE, in accounting, is the risk the sample supports the conclusion that the recorded balance is not materially misstated when it is materially misstated.

Learn new Accounting Terms

DOBRA (DOBRAS) is a currency of St. Thomas & Prince.

RETROACTIVE is to affect and modify things past, e.g. a retroactive tax increase.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.