1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leto [7]
1 year ago
5

The probability that either an error or fraud will result in a material misstatement is ______.

Social Studies
1 answer:
Sphinxa [80]1 year ago
4 0

The probability that either an error or fraud will result in a material misstatement is risk of material misstatement and inherent risk

<h3>What is material misstatement?</h3>

A major misrepresentation is information in the financial statements that is sufficiently false to have an effect on the financial choices of those who rely on it.

Some errors are material despite not being noteworthy in terms of magnitude. A loan made to a director of a corporation, for instance, is material because those who use financial statements will value the information for making decisions. Both fraud and error are the causes of misstatements.

A misrepresentation happens when anything in the financial accounts is not handled correctly, which means that the relevant financial reporting system, notably IFRS, has not been properly implemented.

To learn more about material misstatement visit:

brainly.com/question/20910754

#SPJ4

You might be interested in
Elderly persons have the basic genes they had as newborns, but _____ can change the expression of those genes as time goes on
pychu [463]
The correct answer is methylation.
This process refers to the addition of methyl groups to the DNA molecule, when the activity of such DNA segments is slightly altered. The more we age, the less methylation there is, which is why the genes of the elderly are different from those of young people.
3 0
3 years ago
What are the effect of being alcoholic in family and society?​
Dvinal [7]

Answer: Alcohol abuse and Alcoholism

Explanation:

"Alcohol abuse and alcoholism can have devastating impacts on families. Spouses of people with alcohol problems may be at an increased risk for emotional or physical abuse. Children of alcoholics may be at risk for academic and psychiatric problems."

5 0
3 years ago
Jillian is mapping her co-worker's decision-making process. She puts a few words in braces alongside a shaded rectangle. What do
ryzh [129]

Answer:

A.

Explanation:

Braces also are known as Brackets or parentheses is a punctuation mark that is round(), square[], angled<>, and, curly{}.

These punctuation marks have their uses. In formal style, these marks are to be used according to the rules defined for there usage. But, informally, they do not have such rules.

Braces {} are used when creating a set of equal choices.

<u>In the given case, Jillian's use of Braces is to include her </u><u>interpretive comment</u><u>. While jotting down her co-worker's decision-making process, Jillian added words or her interpretation of the process to help herself in understanding the context</u>.

So, the correct answer is Option A.

3 0
4 years ago
Government corporations can be described as which of the following
Amanda [17]

Government corporations can be described as private sector companies.

4 0
3 years ago
Read 2 more answers
Which of the following is the best example of observational learning? A) Greg hears on the radio that a huge storm is blowing in
SOVA2 [1]

Answer:

E) Ingrid swam poorly until she noticed the efficient stroke of the man in the next lane; now her swimming is greatly improved.

Explanation:

Observational learning consists of a learning technique based on observing a task performed correctly. This is thanks to our brain's ability to, by observing the repetition of a task, learn to do equally. This is the case with Ingrid, who was not a good swimmer. However, by repeatedly observing the swimming of a man who performed correctly, she learned that there is a more correct technique than she used, that is, she learned by observing.

7 0
4 years ago
Other questions:
  • Why is Canada not an ideal place for an entrepreneur?
    10·1 answer
  • How was pi discovered?
    11·1 answer
  • Why do workers migrate from rural to urban areas. ( Its a long ques and ans)<br>​
    15·1 answer
  • Identify a policy area on which moralistic conservatives have agreed with traditional conservatives but disagreed with individua
    5·1 answer
  • Which characteristics of a civilization rulers justify their power
    6·1 answer
  • Which of the following best reflects the overall perspective of genetically informed studies on the roles that genes and the env
    8·1 answer
  • An owner suddenly pulls a property off the market after hearing from the agent that a minority party has made a full-price offer
    11·1 answer
  • Plz answer me will mark as brainliest ​
    10·1 answer
  • “The collective sentiment of the people is the key to the development of the society.” Justify. ​
    11·1 answer
  • What kind of evidence do historians use to locate the origins of the hittites in central asia?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!