A standard attack tactic involves profiling a system by feeding it improper data, and checking for the kinds, and contexts, of the errors which are returned. This allows the system cracker to probe for information about the server, to determine possible weaknesses.
The PHP errors which are normally returned can be quite helpful to a developer who is trying to debug a script, indicating such things as the function or file that failed, the PHP file it failed in, and the line number which the failure occured in. This is all information that can be exploited. It is not uncommon for a php developer to use show_source(), highlight_string(), or highlight_file() as a debugging measure, but in a live site, this can expose hidden variables, unchecked syntax, and other dangerous information.
For example, the very style of a generic error indicates a system is running PHP. If the attacker was looking at an .html page, and wanted to probe for the back-end (to look for known weaknesses in the system), by feeding it the wrong data they may be able to determine that a system was built with PHP.
A function error can indicate whether a system may be running a specific database engine, or give clues as to how a web page or programmed or designed. This allows for deeper investigation into open database ports, or to look for specific bugs or weaknesses in a web page. By feeding different pieces of bad data, for example, an attacker can determine the order of authentication in a script, (from the line number errors) as well as probe for exploits that may be exploited in different locations in the script.
A filesystem or general PHP error can indicate what permissions the webserver has, as well as the structure and organization of files on the web server. Developer written error code can aggravate this problem, leading to easy exploitation of formerly "hidden" information.
There are three major solutions to this issue. The first is to scrutinize all functions, and attempt to compensate for the bulk of the errors. The second is to disable error reporting entirely on the running code. The third is to use PHP's custom error handling functions to create your own error handler. Depending on your security policy, you may find all three to be applicable to your situation.