RaviRavi Staff asked 7 months ago

242. Risk of material misstatement at transaction and
account balance level will not depend on:
a) Judgement in valuation
b) Complexity of Transaction
c) Nature of Entity business
d) Unusual Transaction.
Answer:- a) Judgement in valuation

1 Answers
RaviRavi Staff answered 7 months ago

MCQ revised for better understanding:-
Risk of material misstatement at financial statement level does depends on:
a)Complexity of transaction
b)Integrity of management.
c)Nature of Entity business.
d)Unsual pressure on management.
Answer:- a)Complexity of transaction

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