167k views
1 vote
An auditor is unable to obtain evidence for a significant consolidated investee. The auditor determined that of the possible effects of undetected misstatements could be material and could impact multiple items on the balance sheet and income statement.

1 Answer

4 votes

Final answer:

The subject of this question is Business and the grade level is College. The question is related to auditing and the potential impact of the inability to obtain evidence for a significant consolidated investee on the financial statements.

Step-by-step explanation:

The subject of this question falls under the topic of Business. The question is related to auditing and the auditor's inability to obtain evidence for a significant consolidated investee, which could have material implications on the balance sheet and income statement.

User Ulad Kasach
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.