Question

If inventory errors are said to correct themselves, why are accounting users concerned when such errors are made?

Short answer

Accounting users are concerned about inventory errors becausesuch errors will affect the business decision.

Step-by-step solution

Definition of Inventory Errors

All the misstatements that will under or overstate the inventory of the business entity are known as inventory errors.

Concern of Accounting users for Inventory Errors

Accounting users are concerned about the inventory errors even if they correct themselves because such errors must not be permitted as they affect the current assets, gross profit, net profit, and cost of sales. All of them are used for making business decisions.