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Is it really pervasive?

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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May 31, 2014 at 7:36 pm #172206
hasanali95
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If two matters when taken together change the profit figure to a great extent,does it mean that its pervasive and a disclaimer is appropriate?
I saw such treatment in the june 2013 examiners answer
Thanks
May 31, 2014 at 8:20 pm #172216
MikeLittle
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Well, yes! Profit is probably the one figure that most investors (particularly the “small” investor) can understand. And material errors that would change that base figure to a great extent must surely be pervasive
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