Question: Assume that a material misstatement occurs ( either unintentionally or otherwise ) in counting Lakeside's inventory. The problem is not discovered by Abernethy and Chapman

Assume that a material misstatement occurs

(

either unintentionally or otherwise

)

in counting Lakeside's inventory. The problem is not discovered by Abernethy and Chapman and eventually appears within the client's financial statements. What is the CPA firm's responsibility for such misstatements?

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