There is typically a two- to three-month delay between the end of the reporting period and the date when an organisation's financial statements are authorised for issue to stakeholders, such as shareholders. With this delay, the information therefore starts to suffer from a lack of timeliness; it thus has reduced 'relevance'. Select one alternative: True False
There is typically a two- to three-month delay between the end of the reporting period and the date when an organisation's financial statements are authorised for issue to stakeholders, such as shareholders. With this delay, the information therefore starts to suffer from a lack of timeliness; it thus has reduced 'relevance'. Select one alternative: True False
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 12RQSC
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There is typically a two- to three-month delay between the end of the reporting period and the date when an organisation's financial statements are authorised for issue to stakeholders, such as shareholders. With this delay, the information therefore starts to suffer from a lack of timeliness; it thus has reduced 'relevance'.
Select one alternative:
- True
- False
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