Accountants are sometimes forced to trade relevant information for accurate information.

Question

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In certain situations, accountants may have to make a trade-off between relevance and accuracy of information, especially if time or resource constraints prevent them from obtaining both. For example, when preparing financial statements, accountants may need to prioritize timely submission over including every single detail, which may delay the publication of the statements.

Accountants Are Sometimes Forced to Trade Relevant Information for Accurate