The auditor's determination of misstatements in an account should include all of the following except:
A) known misstatements.
B) projected uncorrected misstatements through audit sampling techniques.
C) estimated misstatements detected through analytical procedures and quantified by other auditing procedures.
D) uncorrected misstatements specifically identified through substantive tests of details of transactions and balances.
E) corrected misstatements specifically detected by the tests of details.

Question

Quizplus · Accepted Answer

Corrected misstatements are not included in the auditor's determination of current misstatements in an account because they have already been amended by the client upon the auditor's request. The focus is on identifying and assessing the impact of uncorrected misstatements.

The Auditor's Determination of Misstatements in an Account Should Include