"material error" is a correct and usable phrase in written English.
It refers to a significant or crucial mistake or inaccuracy in a sentence or statement. Example: The lawyer argued that the defendant's conviction should be overturned due to a material error in the evidence presented at trial.
Over all, 26 percent of the participating consumers identified at least one "potentially material' error in at least one of their three reports.
The report defined a "potentially material error" as an alleged inaccuracy in information that is commonly used to generate credit scores.
"Affected by material error" (in European Union parlance) means money stolen from the budget.But euphemisms can also be benign, even necessary.
Unlike a securities fraud claim under Rule 10b-5, however, there is no need to prove any intent to mislead, only that a material error was made.
Poor microfilm quality development is often the result of human, not material, error, and when it comes to copying these historic records onto microfilm, a reasonable amount of care is required.
The proposed rule is set to take effect at the start of next year and would allow payouts to be reclaimed if evidence emerged of "misbehaviour or material error", major financial problems or failures of risk management.
The auditor's procedures include obtaining an understanding of University systems, procedures and internal accounting controls, and performing tests and other auditing procedures to provide reasonable assurance that the financial statements neither are materially misleading nor contain material errors.
That would make them liable for material errors and omissions in their ratings.
John Ulzheimer, a credit-industry expert, says the study suggests errors are far more frequent than an industry-backed study in 2011, which found that fewer than 1 percent of reports have material errors.
In a written statement, PricewaterhouseCoopers said that it stood by its audits of AvtoVAZ, that there were no material errors in its 1997 financial statements and that the accounting firm could not respond to general and unsubstantiated claims by the former employee.
These criminal and regulatory dispositions also provide a reminder that all public statements issued in the midst of a corporate crisis will be fly-specked by prosecutors and enforcement attorneys, and the discovery of material errors or omissions will only deepen the company's problems.
