Prior period errors is best describes as * (1 Point) O Erroneous application of accounting policy...
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Prior period errors is best describes as * (1 Point) O Erroneous application of accounting policy based on the standards Omissions and misstatements in the financial statements of the current accounting year O Errors in the account names but with no financial impact O An errors that should never be disclosed since it will deteriorate the entity's reputation Prior period errors is best describes as * (1 Point) O Erroneous application of accounting policy based on the standards Omissions and misstatements in the financial statements of the current accounting year O Errors in the account names but with no financial impact O An errors that should never be disclosed since it will deteriorate the entity's reputation
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21 Provide the best description for prior period errors Chances of occurrence of errors is v... View the full answer
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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