Which of the following are examples of risks that are relevant to the financial reporting process?
A) Changes in the operating environment
B) Changes in personnel
C) Changes in the information system
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

All of these options can impact the financial reporting process: changes in the operating environment could affect the accuracy or completeness of financial data, changes in personnel could result in a lack of understanding or errors in accounting policies and procedures, and changes in the information system could lead to errors in financial data or inadequate controls.

Which of the Following Are Examples of Risks That Are