Accounting Changes and error correction refers to guidance on reflecting accounting changes and errors in financial statements.

The Difference Between Adjusting Entries and Entries Made to Correct Errors in Accounting. Accounting for your small business must be very clear. In the event of a audit, an auditor needs to be ...

We test conjectures about the determinants of materiality judgments by examining a financial reporting choice made by firms that discover errors in prior years' financial statements. From late 2004 to ...

The Impact of Invoice Errors in Accounts Receivable. Invoice errors can cause mistrust and confusion between you and your customers. These errors occur much less often than they did in the past ...