Question
which of the following is true dual-approach to evaluating misstatements? Rollover method- evaulates errors exist balance sheet and correct the current period. Iron curtain method-
which of the following is true dual-approach to evaluating misstatements?
Rollover method- evaulates errors exist balance sheet and correct the current period.
Iron curtain method- disregards the effects of the portion of current year balance sheet misstatement orignated in prior years
Iron curtain method- quantifies income statement errors based on the amount by which the income statement is actually misstated, including reversing effect prior years,
Rollover method- considers differences not corrected in the period which arise may offset in uncorrected audit missatements of subsequent periods
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