Is it really pervasive? — OpenTuition Forums

Hhasanali9512y ago

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

MikeLittleTutor12y ago#1

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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