• The_one_and_only@lemmy.ml
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    1 year ago

    If you are correcting figures one way, you have to correct them both ways. That is how financial auditors always work.

      • The_one_and_only@lemmy.ml
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        1 year ago

        I am a financial accountant in a fairly large company. When external auditors look at the figures, they add up everything that they find. It doesn’t matter if the error is increasing or decreasing the profit-figure, they calculate the total of the errors.

        • *Tagger*@lemmy.world
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          1 year ago

          Ah, okay, that makes sense I guess. Seems weird from a lay point of view, but if that’s the industry standard.

          Thanks for explaining.