When evaluating misstatements found during the audit to determine overall materiality at the end of the audit, which of the misstatements would the auditor propose to have the client post if it was necessary (due to total likely misstatement schedule being material):

Group of answer choices

Known misstatements.

Projected misstatements.

Estimated misstatements.

A client's customer returns an accounts receivable confirmation to the auditors noting the following "While we owe, we didn't actually receive the goods until the first week of January, so we don't have any balance due as of December 31st".

Select the proper auditor action

Group of answer choices

Send a second confirmation request to the customer.

Amounts are immaterial, no further action required.

Consider this account as possibly uncollectible for the analytical procedure to estimate the Allowance for doubtful accounts.

Examine shipping documents to determine if the balance is valid or if an adjustment is needed.

All of the above could be posted.