Which of the following is not an example of an error? a. Entity personnel make mistakes in
Question:
Which of the following is not an example of an error?
a. Entity personnel make mistakes in gathering or processing accounting data from which financial statements are prepared.
b. Entity personnel alter accounting records from which financial statements are prepared.
c. Entity personnel overlook or misinterpret facts, causing accounting estimates to be incorrect.
d. Entity personnel make mistakes in the application of accounting principles.
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Step by Step Answer:
The term error in accounting typically refers to unintentional mistakes in the preparation of financ...View the full answer
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