Glossary entry (derived from question below)
Spanish term or phrase:
representación errónea de importancia relativa
English translation:
material misstatement
Added to glossary by
Lydianette Soza
Jul 16, 2018 02:51
5 yrs ago
6 viewers *
Spanish term
Belize
Works in: English to Spanish, Spanish to English
representación errónea de importancia relativa
Spanish to English
Bus/Financial
Accounting
Financial audit report
Source text:
Estuvimos alerta a la posible existencia de errores y fraudes según lo establecido en las Normas Internacionales de Auditoria NIA 315, que pudieran conducir a una representación errónea de importancia relativa en el Estado de efectivo recibido y desembolsos efectuado.
Translation:
We considered the possible existence of mistakes and frauds as provided in the International Auditing Standard 315, that could lead to a material effect on the misstatement of the "statement" of cash received and disbursements made.
All your suggestions are appreciated.
Estuvimos alerta a la posible existencia de errores y fraudes según lo establecido en las Normas Internacionales de Auditoria NIA 315, que pudieran conducir a una representación errónea de importancia relativa en el Estado de efectivo recibido y desembolsos efectuado.
Translation:
We considered the possible existence of mistakes and frauds as provided in the International Auditing Standard 315, that could lead to a material effect on the misstatement of the "statement" of cash received and disbursements made.
All your suggestions are appreciated.
Proposed translations
(English)
| 5 +2 | material misstatement |
John Rynne
|
| 4 | significant misrepresentation |
philgoddard
|
Proposed translations
+2
4 hrs
John Rynne
Native in English
Works in field
Experts in finance - Spain
Native in: English 
Works in: Spanish to English, English to Spanish
Related KudoZ points
:
129
Selected
material misstatement
"importancia relativa" is how the term "materiality" is rendered in Spanish. So it's understandable (albeit a bit confusing) that "material" is expressed as "de importancia relativa"
So: " .... that could lead to a material misstatement in the cash flow statement"
So: " .... that could lead to a material misstatement in the cash flow statement"
4 KudoZ points awarded for this answer.
2 hrs
philgoddard
United States
United States
Native in English
Works in field
United States
Six languages into flawless English
Native in: English
Works in: German to English, French to English, Spanish to English, and 4 more.
Related KudoZ points
:
130
significant misrepresentation
It can be expressed much more concisely in English. I don't think you need to translate "relativa".
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Note added at 2 hrs (2018-07-16 05:16:09 GMT)
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The "estado de efectivo recibido y desembolsos efectuado" is the income statement.
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Note added at 2 hrs (2018-07-16 05:16:09 GMT)
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The "estado de efectivo recibido y desembolsos efectuado" is the income statement.
Discussion
'mistakes and frauds', I would use 'errors and signs of fraud'.
In accounting, 'mistake' is a layman's term. 'Fraud' is something that has to be proven by facts and circumstances, so one would look for signs, or indications of fraud. (singular, in this case)
"Estado de efectivo recibido y desembolsos efectuado"
http://economipedia.com/definiciones/flujo-de-caja.html
Then, I think that "statement of cash flows" would be an appropriate translation for this term. Am I right, or not?
From Pantiba:
(to present) consistent financial information on the statement
Explanation:
of cash flows" me parece que es lo que quieren decir.
We considered the possible existence of mistakes and frauds as provided in the International Auditing Standard 315, that could lead to a relatively important misstatement of the Statement of cash received and disbursements made.
"Misstatement of the Statement..."?