I claim the right to correct misstatements
, and have so corrected the color of the water in the above recapitulation.
So many volumes had been written about the poet since his death that she had also to dispose of a great number of misstatements
, which involved minute researches and much correspondence.
Because, if I am not mistaken, we shall have to say that about men poets and story-tellers are guilty of making the gravest misstatements
when they tell us that wicked men are often happy, and the good miserable; and that injustice is profitable when undetected, but that justice is a man's own loss and another's gain--these things we shall forbid them to utter, and command them to sing and say the opposite.
Supreme Court held that the 40% penalty for a gross valuation misstatement
applied when the partnerships at issue had been determined to be shams that lacked economic substance, and, as a result, the partners' outside basis in the partnerships was zero (Woods, No.
They allege gross valuation misstatement
and could up the tax penalty from 20 to 40 per cent.
Andrew Katzenstein, an estate tax expert in LA, said: "I've never heard of the gross valuation misstatement
penalty being asserted.
6662(h), if the reported value or adjusted basis exceeds the correct amount by at least 400%, the valuation misstatement
is considered not merely substantial but "gross," and the penalty increases to 40%.
We have adopted a new approach, which is, we do not leave any misstatement
or inaccuracy unanswered," The Nation quoted Clinton, as saying.
Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
: Supersedes AU Section 314, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
had an impact on net income below a certain
7% Table 2: Mean Relative Risk Assessments Panel A: Mean interest expense misstatement
probability (relative to sales misstatement
probability) No expectation Expectation p > t formation formation t value (one tailed) -0.
107 are accomplished by one user, these should understand that an auditor should be considered guilty only in the case of audit failure, this meaning that the audit report contains an opinion where significant misstatements
were not detected and "the judgement of a reasonable person relying on the information would have changed or influenced by the omission or misstatement
" (ICAEW, Accounting Recommendation 2.