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.
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Answer:In organizational culture,means-ends orientation refers to the extent to which management concentrates its attention on outcomes rather than on methods, and processes used to achieve results.
Hello! I would say the correct answer here is B. False.
As these topics are highly debatable and have many different viewpoints varied by factors such as upbringing, location, and life experience, they cannot be entirely solved. Eliminating these issues and falling under one standard would represent a utopian and realistically unachievable world. Without the world’s diversity the whole world would be “in uniform” (one of my favorite phrases from The Great Gatsby) and the creativity and culture would cease to exist. So, since these issues are unable to be resolved, empirical research is not applicable in a solution to them.
I hope this helps! :)
Because the molecules that make them up move closer together and become more compact
