Inconsistent import parameters company code &1 valuation area &2 plant &3

What causes this issue?

The import parameters company code, valuation area, and plant are
inconsistent. Depending on the valuation level (transaction OX14),
one of the following applies:
Table T001W is inconsistent (transaction EC02)
Table T001K is inconsistent (transaction EC01)
The assignment of company code to plant (valuation area) does not
exist

System Response

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

How to fix this error?

Check your entries, using the transactions above, or change your
input parameters.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.