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Author Question: When reviewing the summary of misstatements found in the audit, (Read 52 times)

Apple716

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on: Aug 21, 2022
When reviewing the summary of misstatements found in the audit,
◦ an adjusting journal entry must be made by the auditor for all material misstatements.
◦ auditors must combine individually immaterial misstatements to evaluate whether the combined amount is material.
◦ the auditor is not required to consider the impact on the current financial statements of misstatements in the prior year that were not corrected.
◦ auditors only need to consider the misstatements that impact the income statement.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Apple716 on Aug 21, 2022

lactosetheintolerant

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Apple716

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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