An auditor finds a misstatement that is trivial individually but material

date:2026-09-23 15:37:54 author:admin browse: time View comments Add Collection

An auditor finds a misstatement that is trivial individually but material

 An auditor finds a misstatement that is trivial individually but material when aggregated with other misstatements. This misstatement is:

A. Clearly trivial

B. Material quantitative misstatement

C. Qualitatively material

D. Not required to accumulate

Answer: B

Explanation: Misstatements are accumulated and evaluated in aggregate.