It is not common for audit clients to misstate cutoff either by error or through fraud.

Name: It is not common for audit clients to misstate cutoff either by error or through fraud.
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

Misstatements in cutoff are common, and it is a significant risk in many audits. Cutoff misstatements can occur due to errors, fraud, or intentional manipulation of financial information. Adequate testing of cutoff is necessary to detect such misstatements.

It Is Not Common for Audit Clients to Misstate Cutoff