Advanced

Evaluating Misstatements (SAB 108)

Uses the Iron Curtain and Rollover methods to evaluate the materiality of errors.

Analyze the identified misstatement of {error_amount} in {account_name}. Apply both the 'Iron Curtain' and 'Rollover' methods to determine if the error is material to the current year financials. Provide a conclusion on whether an adjusting journal entry (AJE) is required.

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