Which of the following types of misstatements has the highest level of certainty?
A)identified misstatements
B)likely misstatements
C)likely aggregate misstatements
D)further possible misstatements

Question

Quizplus · Accepted Answer

Identified misstatements are errors or anomalies that have been specifically identified and documented by the auditor, meaning that they have the highest level of certainty among the options listed. Likely misstatements, likely aggregate misstatements, and further possible misstatements all involve varying degrees of uncertainty or estimation on the part of the auditor.

Which of the Following Types of Misstatements Has the Highest