Known misstatements are those that the auditor has specifically identified and about which there is no doubt;

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Known misstatements are those that the auditor has specifically identified and about which there is no doubt; they are also known as factual misstatements. 

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Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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