Error: it is used to refer to unintentional mistakes in financial statements, such as:
- Mathematical or clerical mistakes in the underlying records and accounting data.
- Oversight or misinterpretation of facts
- Misapplication of accounting policies.
An irregularity is a lack of compliance with set procedures and controls by either a staff or the management.
Wilfykil answered the question on February 22, 2019 at 08:53
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Date posted: February 22, 2019. Answers (1)
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could be liable in the tort of negligence if they failed that duty.
Required:
(a) With reference to the external audit assignment, explain the meaning if the term ―duty of care
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Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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(i) Assets.
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(i) Assets.
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Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)