Misstatements: (a) Are documented in the audit working papers. (b) Can be categorized as errors or judgemental
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Misstatements:
(a) Are documented in the audit working papers.
(b) Can be categorized as errors or judgemental misstatements.
(c) Must be considered for their effect on the financial statements both individually and in aggregate.
(d) All of the above.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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