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12 options (Response) for 5 questions (Term) Select the term with the most appropriate response. No reply is used more than once. Term Response 1.
12 options (Response) for 5 questions (Term)
Select the term with the most appropriate response. No reply is used more than once. Term Response 1. Identified misstatements 2. Judgmental misstatements 3. Projected misstatements 4. Other matter paragraph 5. Rollover approach to materiality priate response. No reply is used more than once. Response A difference in a total account's value based on a projection of sample results to the entire population of the account 2. All misstatements found by the auditors 3. Approach that does not include previous year uncorrected misstatements. 4. Approach that includes previous year uncorrected misstatements 5. Contractual obligation General risk continnencv priate response. No reply is used more than once. Response General risk contingency 7. Misstatements dealing with estimates 8. Misstatements not reflected in the financial statements 9. No doubt about amount of misstatement 10.Possible loss, will be resolved in future priate response. No reply is used more than once. Response Misstatements not reflected in the financial statements No doubt about amount of misstatement Possible loss, will be resolved in future Relevant to users understanding of audit 12.Supplementary informationStep by Step Solution
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