Multiple Choice
Cutoff misstatements occur when:
A) the auditor mistakenly asks the bank for the end- of- year bank statement instead of the statement which would include the two succeeding weeks.
B) subsequent period transactions are recorded in the current period.
C) current period transactions are recorded in the subsequent period.
D) both B and C above, but not A
Correct Answer:
Verified
Correct Answer:
Verified
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