The Desired Level of Assurance Is Defined as

question 34

Multiple Choice

The desired level of assurance is defined as

• A)the level of assurance that the account balance or class of transactions is not misstated
• 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)the maximum misstatement in the account balance or class of transactions that the auditor is willing to accept
• D)the level of audit risk the auditor is willing to accept
• E)the level of assurance that the tolerable misstatement is exceeded by the actual misstatement
• F)both A and B
• G)both C and D
• H)Both D and E