Question: Distinguish between factual, judgmental, and projected misstatements.

Distinguish between factual, judgmental, and projected misstatements.

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There are three types of misstatements Factual Misstatements These are misstatements about which there is no doubt For example an auditor may test a sales invoice and determine that the prices applied to the products ordered are incorrect Once the products are correctly priced the amount of misstatement ... View full answer

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