The risk that financial statements may be materially false and misleading is called
A)Business risk.
B)Information risk.
C)Client risk.
D)Risk assessment.

Name: The risk that financial statements may be materially false and misleading is called A)Business risk. B)Information risk. C)Client risk. D)Risk assessment.
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Question

Quizplus · Accepted Answer

Information risk refers to the risk that financial statements may be materially false or misleading, affecting the decisions of users relying on that information.

The Risk That Financial Statements May Be Materially False and Misleading