Examples of Causes of Misstatements Include Which of the Following

question 44

Multiple Choice

Examples of causes of misstatements include which of the following?

• A)Intentional or unintentional omission of an amount or disclosure
• B)Incorrect accounting estimate caused by a misinterpretation of facts or by management bias
• C)Inappropriate selection of accounting policies
• D)All of these answer choices are correct.

---

Definitions:

Objective Standards

Universal benchmarks or criteria that are not influenced by personal feelings, interpretations, or prejudice.

Manipulating Others

The act of skillfully influencing or controlling others to one's advantage, often in an unfair or deceitful way.

Organizational Politics

Refers to activities within a company that are aimed at improving someone's status or position and are typically at the expense of others.

Empowered Group

A team or group that has been given the authority, resources, and confidence to make decisions and take actions toward achieving defined objectives.