Question

which of the following regarding errors is correct
Select one:
a. a mistake in recording the date of a sale invoice is an example of the errors
Ob. Intentional misstatement of the financial statements,
c. misappropriation of assets is an kind of errors
Od. It is more difficult for the auditor to detect because it is not intentional

Answer 1

a. a mistake in recording the date of a sale invoice is an example of the errors
Errors are unintentional in the financial statements, such as clerical errors, misinterpretation of facts, or mathematical mistakes. Recording the wrong date on a sale invoice would be an example of an error. Misappropriation of assets or intentional misstatements of financial statements are classified as fraud rather than errors.