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Which of the following external risks is least likely to impact the accuracy of financial reporting? (A) The standard-setting body in the organzation's issues a
Which of the following external risks is least likely to impact the accuracy of financial reporting?
(A) The standard-setting body in the organzation's issues a new financial accounting standard
(B) A recent judicial court case increases the likelihood that pending litigation will result in an unfavorable outcome.
(C) Changes in standard industry contracts now allow for netting of payables and receivables.
(D) Competitor pressures cause the organization to pursue new sales channels.
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