Why this is mistaken
Control the annual and interim periods, quarter and year-to-date columns, comparatives, estimates, seasonal effects, material events and changes, entity scope, and current versus pending disclosure guidance.
Where to watch
When this mistake may appear
- A quarterly amount is multiplied by four.
- An annual estimate is allocated equally to quarters without evidence.
Check your work
Your work may contain this mistake if:
- Confuses quarter and year-to-date columns.
- Ignores seasonal patterns and estimate updates.
- Assumes interim notes repeat the annual note unchanged.