SCN-4 “PERVASIVE EFFECT”Atul Khurana
Welcome to the SCN series.
Today’s term is one amongst the most confusing terms of the auditing: Pervasive Effect of Misstatement.
The effect of misstatement is pervasive when such misstatement is not confined to one element, account or item of financial statement and even if it is so confined, it represents a substantial portion of financial statements.
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