Sir,for PYQ Mar/June 2016 Q5(a) "Matters to discuss at meeting"
"In order to maintain accurate accounting records, mgt should be encouraged to record all misstatement to ensure that the risk of material misstatement in future periods is reduced ..."
the records refer to here is revised/correct it?
Thank you.
Ask the Tutor ACCA AAA
Boston Co
To record misstatements would mean, for example, posting journal entries to correct errors.
Sign into reply to this topic.
