Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 7, Problem 29RSCQ
To determine

Introduction: It is about defining “misstatement” and the characteristics of a material misstatement.

To define: The term “misstatement” and to describe the characteristics of a material misstatement.

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Define risk of material misstatement.
According to our authors, what is a misstatement? Provide examples.
What items could increase the risk of material misstatement?
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