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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Boston Co
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.
To record misstatements would mean, for example, posting journal entries to correct errors.
