Question: 1 . Assume that the client does not intend to record any of the above misstatements and that 4 . 0 percent of income after

1.Assume that the client does not intend to record any of

1.Assume that the client does not intend to record any of the above misstatements and that 4.0 percent of income after taxes is considered a material misstatement.
Provide the auditor's conclusion in this situation. Only consider the income effect.
2. Assume that the client does intends to record correcting entries for each above misstatement.
Provide the auditor's conclusion in this situation.
the above misstatements and that 4.0 percent of income after taxes is

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