- This topic has 1 reply, 2 voices, and was last updated 7 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
I am a bit confused when planning answers for matters to consider vs risk of material misstatement. My answer plan to both seems to be the same.
– Materiality calculations
– Whether a particular FS item has been over/understated
– What should have been the proper accounting treatment
– Impact on the audit reportI’m not sure that they are necessarily mutually exclusive! When faced with a “matters to consider” question all of your 4 planned points would likely be relevant.
But presumably these are relevant exactly because the “problem” that has caused you to consider matters is one that could potentially represent a risk of material misstatement
Do you have any particular past exam question in mind that I could look at?
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Matters to consider vs risk of material misstatement’ is closed to new replies.