Any misstatements that are not corrected by the client will be recorded as proposed audit adjustments.

Question

Quizplus · Accepted Answer

This statement is true. Proposed audit adjustments are made by the auditor when they identify errors or misstatements in the client's financial statements that have not been corrected by the client. If the client agrees with the proposed adjustments, they will become actual adjustments to the financial statements.

Any Misstatements That Are Not Corrected by the Client Will