Subject Auditing

Select the appropriate terms from the list provided to the definitions, List of Terms: 1. 2. Definitions: Both events occurring between year-end and the date of the audit report and facts discovered after the date of the audit report. A difference between the amount, classification, presentation, or disclosure of a reported financial statement item and the amount, classification presentation, or disclosure that is required for the item to be in accordance with the applicable financial reporting framework An unintentional misstatement in the financial statements, including the omission of an amount or a disclosure A misstatement that arises as a result of a difference in the application of judgement by the client and the auditor, such as the use of an estimate the auditor considers unreasonable or the inappropriate application of an inappropriate accounting policy 3 4 Professional Judgement Misstatement Judgemental Misstatement Subsequent Events Error Save for Later Attem