Likely Misstatements ________

Multiple Choice

Likely misstatements ________.

A) are those actually identified during the audit,so there is no uncertainty about their existence
B) are those that probably exist,based on audit evidence examined
C) are those that could exist over and above the total of known and likely misstatements because of the fundamental limitations of auditing
D) are those for which the amount of possible misstatement cannot be precisely quantified