Which of These Is Not a Source of Potential Misstatement

question 25

Multiple Choice

Which of these is not a source of potential misstatement for the function of recording a payment?

• A) a cheque may be issued for unauthorised purchases
• B) a cheque may not be recorded promptly
• C) errors may be made in recording cheques
• D) All of the above are sources of potential misstatement for the function of recording a payment.

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Definitions:

Publication of False Information

The dissemination of false or misleading information to the public, particularly when damaging to an individual's reputation or well-being.

Risky Situation

A scenario or circumstance that exposes individuals or organizations to potential harm or loss.

Public Policy

Government policies aimed at ensuring the public's general welfare and protection.

Wrongful Action

An act or omission that infringes on the rights of others or is contrary to law.