An F-Score can predict 60% of misstatements in financial statements that eventually come to light as restatements.

Name: An F-Score can predict 60% of misstatements in financial statements that eventually come to light as restatements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The F-Score is a statistical model that uses financial ratios and factors to predict the likelihood of financial misstatements. Studies have shown that the F-Score can accurately predict 60% of misstatements that are eventually uncovered and result in restatements.

An F-Score Can Predict 60% of Misstatements in Financial Statements