The Auditor's Sample Would Indicate That the Client's Account Balance

question 82

Multiple Choice

The auditor's sample would indicate that the client's account balance is fairly stated when the _______________________ is less than the ______________________.

• A) upper limit on misstatement, tolerable misstatement.
• B) actual misstatement, tolerable misstatement.
• C) tolerable misstatement, upper limit on misstatement.
• D) tolerable misstatement, actual misstatement.

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Definitions:

System

A set of interconnected components that form a complex whole, operating together to achieve a common purpose.

Belongs

The sense of being part of something or having a rightful place in a context, often reflecting a feeling of acceptance or association with a group.

Open Systems

A theory or model that views organizations as entities that interact with their environments to exchange resources and information.

Information

Data that is processed, organized, or structured in a given context to make it meaningful or useful.