Tolerable Misstatement Is

question 3

Multiple Choice

Tolerable misstatement is

• A)a matter of professional judgment
• B)the amount of misstatement,on the basis of the auditor's professional judgment,that should be present in the account balance or class of transactions
• C)often stated as 50-75% of materiality level
• D)the level of audit risk the auditor is willing to accept
• E)both A and C
• F)both B and E
• G)both C and D

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