Misstatements: (a) Are documented in the audit working papers. (b) Can be categorized as errors or judgemental

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Misstatements: 

(a) Are documented in the audit working papers. 

(b) Can be categorized as errors or judgemental misstatements. 

(c) Must be considered for their effect on the financial statements both individually and in aggregate. 

(d) All of the above.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For  answer-question

Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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