A strong tone at the top about the importance of accurate financial reporting _______.
A)discourages the under accrual of expenses and liabilities
B)discourages the over accrual of expenses and liabilities
C)encourages the under accrual of expenses and liabilities
D)encourages the over accrual of expenses and liabilities

Question

Quizplus · Accepted Answer

A strong tone at the top about the importance of accurate financial reporting would discourage the under accrual of expenses and liabilities, as this would result in misleading financial statements. It would also discourage the over accrual of expenses and liabilities, as this could result in overstating expenses and understating profits.

A Strong Tone at the Top About the Importance of Accurate