An error or omission as a result of an accountant’s negligence, such as not following Generally Accepted Accounting Principles (GAAP). An error usually does not include intentional error such as fraud.
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TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
An error or omission as a result of an accountant’s negligence, such as not following Generally Accepted Accounting Principles (GAAP). An error usually does not include intentional error such as fraud.