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Correction of Errors

The correction of accounting errors in previously issued financial statements, i.e., errors that arise from faulty data entry, omission, discrepancies,...

Restatement of a Financial Statement

The revision and re-release of the financial statements of a prior period because of changes in accounting principles arising out...

Accounting Restatement

The revision and re-release of the financial statements of a prior period because of changes in accounting principles arising out...

Restatement

The revision and re-release of the financial statements of a prior period because of changes in accounting principles arising out...

Qualitative Characteristics

Financial information provided in financial reports (about an entity's economic resources/ assets, liabilities and the effects of transactions/ events on...