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natta225 [31]
2 years ago
7

Because of threat of misstatement due to inaccurate cutoff of sales records, auditors should compare the sales recorded for seve

ral days before and after the balance sheet date with ______________
duplicate sales invoices and shipping documents
Business
1 answer:
Svetradugi [14.3K]2 years ago
4 0

After the balance sheet date with duplicate sales invoices and shipping documents.

<h3 /><h3>What is the risk of material misstatement?</h3>

The risk of major misrepresentation is the possibility that an organization's financial statements contain significant errors. Auditors evaluate this risk at the two levels listed below. The level of detection risk is reduced when the danger of material misstatement is high (increases the amount of evidence obtained from substantive procedures). The risk of an audit is decreased as a result.

To know more about misrepresentation visit:

brainly.com/question/28964131

#SPJ4

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