...generating, presenting, and disclosing accurate and reliable information. §621.2 Definition*. For the purposes of this part, the following definitions...equal to the estimated selling- price in the ordinary coarse of business, less estimated costs of acquisition, completion, and disposal. (i) Qualified public...

...and procedures necessary to define accepted accounting practices at a particular time, as promuigated by the Financial Accounting Standards Board (FASB)...changed or influenced by the omission or misstatement. Form Credit Administration (h) Net realisable value means the net amount the lender would expect to...

...Certified Public Accountants (AICPA) to govern the overall quality of audit performance. (e) Inxtiiittion means any bank, association, or service organization...influenced by the omission or misstatement. (h) Net realisable value means the net amount the lender would expect to be realized from the acquisition and...

..."materiality" as "* * * the magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable...changed or influenced by the omission or misstatement." In the same statement, the Board provides examples of quantitative materiality guidelines. These guidelines...

...been defined as "the magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable...information, would have been changed, or influenced." In other words, this is the standard, I believe, that the SEC uses. Wouldn't you believe that it would...

...Materiality occurs when "the magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable...have been changed or influenced by the omission or misstatement."39 How do accountants know when an item is material? According to most analyses of actual...

...as "the magnitude of an omission or misstatement of accounting information that, in the light of the surrounding circumstances, makes it probable that...changed or influenced by the omission or misstatement." After a bank begins filing its Call Reports in automated form with EDS, it should send any amendments...

...as "the magnitude of an omission or misstatement of accounting information that, in the light of the surrounding circumstances, makes it probable that...changed or influenced by the omission or misstatement." This is explicitly and necessarily a subjective standard. AICPA itself recognizes that "an illegal...

...Science Committee while reviewing the NASA financial statements. Regarding materiality, it is defined as the magnitude of an omission or misstatement of accounting...information would have been changed or influenced by the misstatement. The fact that the Committee discovered the discrepancy and asked NASA management whether...

...Concept No. 2 as: The magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable...have been changed or influenced by the omission or misstatement.29 Audit risk is defined as the risk of issuing an inappropriate audit opinion (eg, the...