question archive Assume that during the course of the 2015 audit you discovered misstatements totaling $50 million (approximately 50% of the 2015 income before taxes of $105 million)
Assume that during the course of the 2015 audit you discovered misstatements totaling $50 million (approximately 50% of the 2015 income before taxes of $105 million)
Subject:AccountingPrice: Bought3
Assume that during the course of the 2015 audit you discovered misstatements totaling $50 million (approximately 50% of the 2015 income before taxes of $105 million). Discuss whether this amount of misstatement is material given your benchmark calculations from parts a. and b. above.
