Which of the following is required by the dual approach for assessing uncorrected misstatements?
A)The application of the rollover method.
B)The application of the iron curtain method.
C)Simultaneous application of both the rollover and iron curtain methods.
D)Sequential application of both the rollover and iron curtain methods.

Question

Quizplus · Accepted Answer

The dual approach for assessing uncorrected misstatements requires the simultaneous application of both the rollover and iron curtain methods to evaluate the materiality of misstatements over different periods.

Which of the Following Is Required by the Dual Approach