Question: The auditors identified an adjusting entry during a 2017 audit Accounts receivable 13k Sales 13k Cost of goods sold 7k Inventory 7k If unadjusted, how

The auditors identified an adjusting entry during a 2017 audit

Accounts receivable 13k

Sales 13k

Cost of goods sold 7k

Inventory 7k

If unadjusted, how will this 2017 misstatement be considered by the auditor in evaluating the materiality at the conclusion of the 2018 financial statement audit?

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