When companies use the word “immaterial” to describe errors or irregularities in their previously reported numbers, what they’re trying to say is that their mistakes involved such small amounts that they don’t really matter. Too often, though, that’s not really the case.
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Fraud Files: When ‘Immaterial’ Financial Errors Hide Real Problems originally appeared on DailyFinance on Mon, 04 Oct 2010 14:00:00.