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12 Jul 2018
Access AICPA Auditing Standard AU-C 450, "Evaluationsof Misstatements Identified During the Audit" (see link below) toanswer the following questions:
https://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00450.pdf
a. Describe the three types of misstatements that can be identifiedby the auditor. What factors suggest that the misstatement is notan isolated occurrence?
b. What factors should the auditor consider in determining whetheruncorrected misstatements are material, either individually, or inthe aggregate?
c. What documentation is required by AU-C 450?
Access AICPA Auditing Standard AU-C 450, "Evaluationsof Misstatements Identified During the Audit" (see link below) toanswer the following questions:
https://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00450.pdf
a. Describe the three types of misstatements that can be identifiedby the auditor. What factors suggest that the misstatement is notan isolated occurrence?
b. What factors should the auditor consider in determining whetheruncorrected misstatements are material, either individually, or inthe aggregate?
c. What documentation is required by AU-C 450?
Jarrod RobelLv2
14 Jul 2018
