20)Which statement is False?

The discovery of an intentional misstatement, even if immaterial, could impact the auditors opinion on theeffectiveness of the clients internal control over financial reporting

The materiality of an identified misstatement is based on only the quantitative amount of the misstatement

Audit firms usually use a schedule to accumulate the known and projected misstatements and the carryover effects of prior-year uncorrected misstatements

At the end of an audit, adjustments for misstatements that are waived will remain uncorrected