When Reviewing the Summary of Misstatements Found in the Audit

Multiple Choice

When reviewing the summary of misstatements found in the audit,

A) an adjusting journal entry must be made by the auditor for all material misstatements.
B) auditors must combine individually immaterial misstatements to evaluate whether the combined amount is material.
C) the auditor is not required to consider the impact on the current financial statements of misstatements in the prior year that were not corrected.
D) auditors only need to consider the misstatements that impact the income statement.