9. Completing the audit Flashcards
1
Q
- What are the 3 types of misstatements?
A
Factual
Judgemental
Projected
2
Q
- When aggregating misstatements, what elements are they grouped in?
A
Profit or loss
Assets
Liabilities
Equity
Factual
Judgemental
Projected
Profit or loss
Assets
Liabilities
Equity