Misstatements detected during the audit that were initially deemed to be immaterial must be summarized to determine their:
A)control.
B)quantitative effect.
C)aggregate effects.
D)nature of misstatement.

Question

Quizplus · Accepted Answer

Misstatements that were initially deemed immaterial should be summarized to determine their aggregate effect on the financial statements.

Misstatements Detected During the Audit That Were Initially Deemed to Be