Despite the many techniques and methods that are used in organizations to control primary documentation and the correctness of accounting, from time to time it happens that data is reflected inaccurately or erroneously in accounting records.
An error means an incorrect reflection (non-reflection) of the facts of an organization’s economic activities in its accounting and/or financial statements.
It is almost impossible to completely protect a company from accounting errors. This means that it is necessary to take measures to timely identify and eliminate the consequences of errors in accounting and reporting.
It must be remembered that all identified errors and their consequences are subject to mandatory correction.
When correcting errors, you must be guided by the provisions of the current legislation, namely:
