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Auditing

Lecture 10

Thomas Cook going concern case work, audit documentation, and evaluation of unadjusted audit differences.

Question 5 of 13

A company estimates that 20% of its receivables will not be collected, but the auditor believes this estimate is too optimistic. What type of misstatement is this?

Pick one: press 1-3 on your keyboard or click an option.
A

Factual

B

Judgmental

C

Projected