Publication of incorrect recording

Pursuant to Section 37 of the German Securities Trading Act (WpHG), the German Federal Financial Supervisory Authority (BaFin) may order an institution to publish erroneous financial statements – together with the main parts of the reasons for the finding – in the electronic Federal Gazette (Bundesanzeiger) and either in a national mandatory stock exchange journal or via an electronically operated information dissemination system. – This means a loss of confidence for the institution concerned, with the result that investors avoid the company in question. – According to IAS 8.41, financial statements are erroneous if they contain “either material misstatements or immaterial misstatements made intentionally to achieve a particular financial position, financial performance or cash flows of the entity.” – See Reputational Risk.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/