Question: Distinguish between the terms errors and irregularities as used in the professional literature. What is the difference in the auditors responsibility for the discovery of

Distinguish between the terms errors and irregularities as used in the professional literature. What is the difference in the auditor’s responsibility for the discovery of errors as compared to irregularities ?

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In the professional literature the terms errors and irregularities are used to differentiate between two types of misstatements in financial informati... View full answer

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