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Exam (elaborations)

AUE2601 Assignment 3 Semester 1 2024

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AUE2601 Assignment 3 Semester 1 2024

Institution
University Of South Africa (Unisa)
Course
AUE2601 - Auditing Theory and Practice (AUE2601)








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Institution
University of South Africa (Unisa)
Course
AUE2601 - Auditing Theory and Practice (AUE2601)
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Uploaded on
May 7, 2024
Number of pages
93
Written in
2023/2024
Type
Exam (elaborations)
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1. UNISA
2. 2024
3. AUE2601-24-S1
4. Welcome Message
5. Assessment 3




Assessment 3
Open course index
Open block drawer
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Your final grade for this quiz is 30.00/30.00


Attempts allowed: 2

This quiz opened at Monday, 6 May 2024, 8:00 AM

This quiz will close on Tuesday, 7 May 2024, 11:00 PM.




Question 1
Incorrect

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Which of the following statements is incorrect regarding misstatements?



a. If the directors refuse to adjust the financial statements for a material factual misstatement identified by the auditor, the auditor
will have to issue a modified audit report

b. A misstatement is a difference between what has been reported by the directors in the financial statements, and what
should have been reported in terms of the reporting framework

c. Misstatements that are clearly trivial may be ignored by the auditor

d. The three types of misstatements an auditor can identify are factual misstatements, judgmental misstatements and trivial
misstatements

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