For a financial report to be reliable, it must
A. be free from material misstatement.
B. have an impact on the decisions made by users regarding the performance of the entity.
C. be periodically audited by an independent auditor.
D. none of the above
Answer:A
For a financial report to be reliable, it must
A. be free from material misstatement. B. have an impact on the decisions made by users regarding the performance of the entity. C. be periodically audited by an independent auditor. D. none of the above