Known Misstatements ________

question 46

Multiple Choice

Known misstatements ________.

• A)are those actually identified during the audit,so there is no uncertainty about their existence
• B)are those that probably exist,based on audit evidence examined
• C)are those that could exist over and above the total of known and likely misstatements because of the fundamental limitations of auditing
• D)are those for which the amount of possible misstatement cannot be precisely quantified

---

Definitions:

Sciences

Systematic enterprises that build and organize knowledge in the form of testable explanations and predictions about the universe.

Precise Definition

An exact and detailed explanation of a term or concept.

U.S. Residents

Individuals who reside in the United States, including citizens, permanent residents, and temporary occupants.

Serious Types

Refers to individuals or categories of behavior that are considered highly problematic, dangerous, or criminal in nature.