👉 Non-processional is a term used in accounting to describe a situation where an entity's financial statements do not accurately reflect its operations or activities. This can occur due to misstated transactions, errors in calculations, or incomplete records that are not reflected in the financial statements. Non-processional entities may have a high level of risk and could be subject to regulatory scrutiny if their financial statements are found to be inaccurate or misleading. It is important for non-processional entities to maintain accurate financial reporting and ensure...
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