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FINAL ASSESSMENT Which of the following is not an accurate statement regarding
misstatements? a misstatement is a material error a misstatement can arise from error or fraud
misstatements include those adjustments of amounts, classifications, presentation, or disclosures
that are necessary for the financial statements to be presented fairly a difference between the
amount of a reported financial statement item and the amount that is required for the item to be
in accordance with the financial reporting framework is a misstatement

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