Examlex
Briefly describe the spindle or rotational speed of a hard drive.
Retrospectively
A method of application where the rules or standards are applied to actions, transactions, or situations that have occurred in the past.
Retrospective Restatement
The process of revising previously issued financial statements to correct errors or to reflect changes in accounting policies, as if the new information had been known at the original reporting date.
Material Error
A significant mistake in financial reporting that could influence the economic decisions of users of the financial statements.
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