Glossary entry (derived from question below)
English term or phrase:
material weaknesses
German translation:
wichtige / gewichtige /wesentliche / erhebliche Schwächen
Added to glossary by
Michaela Müller
Jul 11, 2006 10:56
17 yrs ago
4 viewers *
English term
Germany
Graduate Translator-Accurate Proofreader
Native in: German 
Works in: English to German, Czech to German, German
material weakness
English to German
Bus/Financial
Accounting
We have determined that the errors leading to the restatement are the result of **material weaknesses in our internal controls over financial reporting**. ABC have initiated an assessment of our internal controls to determine the specific corrective actions to be taken.
We believe that we will be able to take appropriate remedial actions in the near term to correct the **internal control weaknesses**.
Wie kann ich Material hier am besten übersetzen - hier ist doch alles (Menschen, Technik usw) eingeschlossen, oder?
Danke!
We believe that we will be able to take appropriate remedial actions in the near term to correct the **internal control weaknesses**.
Wie kann ich Material hier am besten übersetzen - hier ist doch alles (Menschen, Technik usw) eingeschlossen, oder?
Danke!
Proposed translations
(German)
References
| material weakness |
Anne Spitzmueller
|
Change log
Jul 11, 2006 11:15: Steffen Walter changed "Term asked" from "material weekness" to "material weakness"
Proposed translations
+1
4 mins
BrigitteHilgner
Austria
Austria
Native in German
Austria
b2b/economics/marketing/market research/
Native in: German
Works in: German to English, French to German, English to German
Related KudoZ points
:
43
English term (edited):
material weekness
Selected
wichtige / gewichtige /wesentliche / erhebliche Schwächen
Mit Material hat das hier nichts zu tun.
Peer comment(s):
| agree |
Steffen Walter
: wesentliche Schwächen/Schwachpunkte -> siehe "Wesentlichkeitsgrundsatz" in der Rechnungslegung. Beispiel: http://www.ulb.tu-darmstadt.de/tocs/130088099.pdf (Inhaltsverzeichnis, Punkt B.2.6).
13 mins
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3 KudoZ points awarded for this answer.
Comment: "Danke an alle! Leider kann ich die Punkte nur einem geben - deshalb die Entscheidung für die Antwort mit den meisten Möglichkeiten.
Ja, die Hitze macht ganz schön zu schaffen, habe deshalb auch nicht gemerkt, dass sich bei weakness zwei "e" eingeschlichen hatten (im Text habe ich sie wenigstens richtig geschrieben). Danke an Steffen für den Link!
Viele Grüße,
Michaela
"
+1
3 mins
David Seycek
Austria
Austria
Native in German
Austria
engineering, marketing + word power
Native in: German 
, Czech
Works in: English to German, Czech to German, German
Related KudoZ points
:
8
English term (edited):
material weekness
erhebliche Schwächen
-
+3
3 mins
Sandra Gerstner
Native in German
On time, thorough & reliable
Native in: German
Works in: English to German, Swedish to German
English term (edited):
material weekness
erhebliche Schwachstellen/-punkte
... würde ich schreiben
Peer comment(s):
| agree |
Ulrike Kraemer
8 mins
|
| agree |
Steffen Walter
: oder "wesentlich" - siehe "Wesentlichkeitsgrundsatz" in der Rechnungslegung. Beispiel: http://www.ulb.tu-darmstadt.de/tocs/130088099.pdf (Inhaltsverzeichnis, Punkt B.2.6).
9 mins
|
| agree |
Matthias Quaschning-Kirsch
13 mins
|
|
Vielen Dank an alle
|
4 mins
Monika Leit
Native in German
Specializes in field
12 years in finance & accounting
Native in: German
Works in: English to German, German to English, French to German, and 1 more.
Related KudoZ points
:
40
English term (edited):
material weekness
wesentliche Schwächen
material = wesentlich, bedeutend
8 mins
English term (edited):
material weekness
signifikante Schwächen
...um Dir noch eine Möglichkeit anzubieten...
Reference comments
861 days
Anne Spitzmueller
Germany
Germany
Native in German
Germany
Let your brand message shine in German
Native in: German
Works in: English to German
Reference:
material weakness
Material Weakness
What does it Mean? When one or more of a company's internal controls, put in place to prevent significant financial statement irregularities, is considered to be ineffective. If a deficiency in an internal control is thought to be of material weakness, this means that it could lead to a material misstatement in a company's financial statements.
Investopedia Says... A material weakness, when reported by an auditor, simply suggests that a misstatement could occur. If a material weakness remains undetected and unresolved, a material misstatement could eventually occur in a company’s financial statements, which would have a tangible effect on a company's valuation. For example, a $100 million overstatement in revenue would be a material misstatement for a company generating sales of $500 million annually.
What does it Mean? When one or more of a company's internal controls, put in place to prevent significant financial statement irregularities, is considered to be ineffective. If a deficiency in an internal control is thought to be of material weakness, this means that it could lead to a material misstatement in a company's financial statements.
Investopedia Says... A material weakness, when reported by an auditor, simply suggests that a misstatement could occur. If a material weakness remains undetected and unresolved, a material misstatement could eventually occur in a company’s financial statements, which would have a tangible effect on a company's valuation. For example, a $100 million overstatement in revenue would be a material misstatement for a company generating sales of $500 million annually.
Discussion
Danke an alle!