Financial reporting risks are those risks that relate directly to the recording of transactions and the presentation of financial data in an organization's financial statements.Which of the following factors is not one of the key factors affecting financial reporting risk?

Question

Quizplus · Accepted Answer

All of these factors affect financial reporting risks, including the competence and integrity of management, the complexity of the company's transactions and financial reporting, and the quality of the company's internal controls. None of these factors can be ignored when assessing financial reporting risk.

Financial Reporting Risks Are Those Risks That Relate Directly to the Recording