The risk that a company's financial statements will materially depart from generally accepted accounting principles is referred to as:

Question

Quizplus · Accepted Answer

The risk that a company's financial statements will materially depart from generally accepted accounting principles is referred to as information risk. This risk relates to the accuracy, relevance, reliability, and completeness of information contained in financial statements. It is a major concern for investors, lenders, and other stakeholders who rely on financial information to make informed decisions.

The Risk That a Company's Financial Statements Will Materially Depart