Error while receiving status from file '&'

What causes this issue?

An error occurred during inbound processing of status records from IDoc
status file &V1&.

System Response

Status file processing ended with an error.
A second notification was triggered simultaneously, in which the exact
cause of the error is described.

How to fix this error?

Find the cause of the error from the second notification which is in
your inbox.
Eliminate the cause of the error and restart status inbound processing
for this file.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.