BPP Black Friday sale! (28 Nov-1 Dec)

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Is it really pervasive?

This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
May 31, 2014 at 7:36 pm #172206
hasanali95
Member
- Topics: 239
- Replies: 248
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
Keymaster
- Topics: 27
- Replies: 23352
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
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.