Errors give rise to unintentional misstatements in the ﬁnancial statements.

Question

Quizplus · Accepted Answer

Errors can result in unintentional misstatements in the financial statements. These errors can include mathematical mistakes, incorrect accounting principles being applied, or overlooking important information. It is important for companies to regularly review their financial statements to ensure accuracy and identify any errors that may have occurred.

Errors Give Rise to Unintentional Misstatements in the ﬁNancial Statements