The risk that financial statements may be materially false and misleading is called ________.
A)business risk
B)information risk
C)client risk
D)audit risk

Name: The risk that financial statements may be materially false and misleading is called ________. A)business risk B)information risk C)client risk D)audit risk
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

Information risk refers to the risk that financial statements may be materially false and misleading, affecting the decisions of users relying on that information.

The Risk That Financial Statements May Be Materially False and Misleading