If the _______________________ Is Less Than the ______________________,The Audit Team

question 129

Multiple Choice

If the _______________________ is less than the ______________________,the audit team would conclude that the account balance is fairly stated.

• A) Projected misstatement; tolerable misstatement.
• B) Tolerable misstatement; projected misstatement.
• C) Upper limit on misstatements; tolerable misstatement.
• D) Tolerable misstatement; upper limit on misstatements.

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Definitions:

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