9. Completing the audit Flashcards

1
Q
  1. What are the 3 types of misstatements?
A

Factual
Judgemental
Projected

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
  1. When aggregating misstatements, what elements are they grouped in?
A

Profit or loss
Assets
Liabilities
Equity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly