Q what are the misstatementsa misstatement is, Ask an Expert

Finance

Q. What are the misstatements?

A Misstatement is Inconsequential - If a reasonable person would determine after considering the possibility of further undetected misstatements that misstatement either individually orwhen aggregated with other misstatements would clearly be immaterial to financial statements. If a reasonable person couldn't reach such a conclusion regarding a specific misstatement, that misstatement is more than inconsequential.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9577917

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