Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 68

Accounting risk describes the risk of low accounting quality, with the worst case being that the financial statement does not show the true and fair view of a firm’s financial position. This can result in restatements and corresponding regulatory scrutiny and penalties. In addition, low accounting quality is an information risk and can seriously distort the decision-making process.