Practising CA at Surat
26263 Points
Joined November 2009
1.
For a work like sculpture; a small mistake will bring down the "value" of the art.
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2.
In music also; a small variation in any SWAR will make it non-acceptable when it is a matter of competition.
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3.
In profession also; many times a small mistake in law formation may cost certain thousand crores of rupees.
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The live example : THE CASE OF VODAFONE !
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Otherwise; one should not take care of small mistakes which are not material.
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(Materiality Concept of Accountancy).