MISSTATEMENT Definition

Bookmark and Share

MISSTATEMENT is a difference between the amount, classification, presentation, or disclosure of a reported financial statement item and the amount, classification, presentation, or disclosure that is required for the item to be in accordance with the applicable financial reporting framework.

Learn new Accounting Terms

RENEWAL NOTE is a note that renews a previous note due date.

APE is Account Period Ending (Normally followed by the date the accounting period ends). See also Accounting Period.

Suggest a Term

Enter Search Term

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