in the finalization of our Summary of Audit Differences schedule, which of the following prior period misstatements cannot turnaround and may affect our evaluation of the current period's financial statements?()
A. Prior period's projected misstatements
B. Prior period's judgmental misstatements
C. Prior period's reclassification misstatements
All of the options provided, including A. Prior period's projected misstatements, B. Prior period's judgmental misstatements, and C. Prior period's reclassification misstatements, can potentially have a significant impact on the evaluation of the current period's financial statements. According to the principles outlined in the accounting standards, these types of misstatements, if material, require correction and can affect the reported financial position, performance, and cash flows of the entity for the current period. Therefore, all of the options given could potentially affect the evaluation of the current period's financial statements.
