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the Companydiscoveredaccounting errors in previously issued financial statements
trivial paperwork and manual processes(passive) caused byinventory process errors
the factorscauseinventory record errors
Technical errors : Software glitches , device malfunction , faulty scanners , etccan causesignificant inventory errors
wrong packagingcan ... resultin inventory record errors
orderto discovererrors in the bank statement
Failures in our internal controls and disclosure controls and procedurescould leadto material errors in our financial statements
Failures in our internal controls and disclosure controls and procedurescould leadto material errors in our financial statements
the riskscan leadto significant errors in the financial statements
those itemscould resultin material errors in the financial statements
those transactionsledto material errors in its financial statements
the overall focus of internal - control reporting ... those itemscould resultin material errors in the financial statements
correctedleadto material errors in financial statements
deficiencies in the effectiveness of our controlsledto the following errors in our financial statements
alleged misrepresentations by company directorscould have resultedin " material errors " in financial statements
Mistakes in determining inventory costcan causecritical errors in financial
managementdiscoverederrors in the certain of the financial statements
The company ... any control deficienciesmay have resultedin errors in the company 's financial statements
Reasonshave influencedthe occurrence of errors in financial statements
to delay that reportdiscoverederrors in presenting financial
by issuing your inventory before your receipts(passive) caused bythe inventory valuation error
any control deficienciesmay have resultedin errors in the company 's financial statements
the causesresultedin the inventory accounting errors
inventory to avoidcausingerrors in inventory amounts
saving bin datafirst causinginventory count errors
any inaccuracies or miscalculationsresultingfrom errors in previous Financial Statements
Mistakes in determining inventory costcan causecritical errors in financial statements
An error in recording transactions into the journalwill resultan error in the financial statements
fix process or training issuescauseinventory errors
process or training issuescauseinventory errors
by computer errors or malfunctions(passive) caused byinventory errors
training issuescauseinventory errors
transaction issueswill resultin inventory errors
multiple transactionswill resultin inventory errors
issuescauseinventory errors
likelyto resultin inventory errors
control deficiencies and poor accounting procedurescan leadto errors in financial statements
Therefore , the technology sometimes failedresultedin inventory errors
Determine and correct situations and procedurescauseinventory errors
mistakescan causeinventory errors
organizations generating poor conclusionscan causeorganizations generating poor conclusions
the ending inventory balance to be incorrectcan causethe ending inventory balance to be incorrect
to businesses making bad decisionscan leadto businesses making bad decisions
to companies generating negative conclusionscan leadto companies generating negative conclusions
in prior period adjustment.[1resultin prior period adjustment.[1
in prior period adjustmentsresultin prior period adjustments
in businesses making bad conclusionsmay resultin businesses making bad conclusions
in an accounting period subsequent to the period in which the error is madediscoveredin an accounting period subsequent to the period in which the error is made
in website companies generating negative decisionsmay resultin website companies generating negative decisions
to erroneous subsequent decisionsmay leadto erroneous subsequent decisions
to erroneous subsequent decisionsmay leadto erroneous subsequent decisions
in shortagescould resultin shortages
to companies creating undesirable choicesmay leadto companies creating undesirable choices
in lost sales and in the maintenancecan resultin lost sales and in the maintenance
because the customer stored two equal products under different private product numbersresultedbecause the customer stored two equal products under different private product numbers
More information CHAPTER 6will causeMore information CHAPTER 6
in lost sales and in the maintenance of unnecessarily high quantities of slow - moving productscan resultin lost sales and in the maintenance of unnecessarily high quantities of slow - moving products
in the course of transition to IFRSswere discoveredin the course of transition to IFRSs
to nixing the stockcan leadto nixing the stock
in too much of the wrong item and a shortage of the right one We have worked with several clients where the lack of accuracy led to lost sales and lost customersalways resultin too much of the wrong item and a shortage of the right one We have worked with several clients where the lack of accuracy led to lost sales and lost customers
to having to file restated financials , which could result in monetary penalties and even trigger an auditmay leadto having to file restated financials , which could result in monetary penalties and even trigger an audit
to having to file restated financials , which could result in monetary penalties and even trigger an auditmay leadto having to file restated financials , which could result in monetary penalties and even trigger an audit
errors on the : Income statement Statement of owner s equity Balance sheet owill causeerrors on the : Income statement Statement of owner s equity Balance sheet o
Changes(passive) could be caused byChanges
to delayscan leadto delays
shipments to go missing , or to better find where and when in the process the product was lostcan causeshipments to go missing , or to better find where and when in the process the product was lost
a decline in timber production due to inaccurate inventory datamay causea decline in timber production due to inaccurate inventory data
More information COST ACCOUNTING QUESTION ONEwill causeMore information COST ACCOUNTING QUESTION ONE
More information Inventory and Cost of Goods Sold Cwill causeMore information Inventory and Cost of Goods Sold C
More information PROCESSwill causeMore information PROCESS
customer orders to failwill causecustomer orders to fail
More information PROCESS COSTING FIRST - INwill causeMore information PROCESS COSTING FIRST - IN
More information COST ACCOUNTING QUESTIONwill causeMore information COST ACCOUNTING QUESTION
More information % Changewill causeMore information % Change
the ending inventory balance to be incorrectcan causethe ending inventory balance to be incorrect
More information 1will causeMore information 1
in an increase in the recorded level of ending inventoryresultin an increase in the recorded level of ending inventory
to an increase in the recorded level of ending inventoryleadto an increase in the recorded level of ending inventory
in a subsequent yeardiscoveredin a subsequent year
More information Accounting for the Value of Inventories 2will causeMore information Accounting for the Value of Inventories 2