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Accounting


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Accounting Risk


The risk that arises when financial statements do not reflect a true and fair view of an entity’s financial position and ability to continue as a going concern. This translates into potential for loss from misleading or inappropriate information that is produced under accounting or financial reporting regimes.

Accounting risk may also arise from situations where an entity is not properly ready or equipped to produce and publish financial reports and a set of financial statements in line with an applicable set of reporting requirements.


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