need a detailed answer. do not answer uaing AI. it will be disliked

Joseph, CPA has found an immaterial misstatement in the client's inventory account. Joseph: 1. Should not suggest a correction because the misstatement is immaterial. 2. Must review immaterial misstatements from prior years to consider if all the misstatements combined are material. 3. Should use professional judgment to decide whether to consider prior years' misstatements. 4. Cannot consider prior years' misstatements if they are immaterial