Dictionary
the overstatement
noun
An exaggeration; a statement in excess of what is reasonable.
Exact(56)
It later revised the overstatement up by £63m.
The overstatement was roughly triple Toshiba's initial estimate.
It later revised the overstatement up to £326m.
For fiscal 1999, the overstatement was $566 million, producing a net loss of $422 million.
Nor do shareholders know if the overstatement is confined to the current trading years.
The overstatement was discovered when a whistleblower alerted Tesco's general counsel on Friday afternoon.
In December 2001, the board of Homestore disclosed the overstatement and its top executives resigned.
The stock lost 63percentt in one day last February, when Ahold disclosed the overstatement.
Most of the overstatement of reserves had happened before Ms Boynton took up her job three years ago.
A damning report from America's regulators suggested that the overstatement began earlier and was more widespread than Shell had admitted.
But if the metaphor jump-starts people into thinking about their actions and motivations, the overstatement may be worth it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com