this post was submitted on 06 Sep 2023
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Formula 1
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I'm really sorry, please forgive my ignorance, but I don't know what you mean.
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.
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.