Opportunities for misstatement are less if there is a turnover in accounting personnel.

Name: Opportunities for misstatement are less if there is a turnover in accounting personnel.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Turnover in accounting personnel can actually increase the risk of misstatement as new personnel may not be familiar with company policies and procedures, leading to errors or fraud. Consistency and experience in accounting personnel are important factors in maintaining accurate financial records.

Opportunities for Misstatement Are Less If There Is a Turnover