The various methods of financial statement analysis need to be used cautiously,  with an awareness of the limitations of accounting data.  True or false?

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter2: Audits Of High-risk Accounts
Section2.7: Bankrate, Inc.
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The various methods of financial statement analysis need to be used cautiously,  with an awareness of the limitations of accounting data.  True or false?

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