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 the full answer
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Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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