Loose-leaf For Auditing & Assurance Services: A Systematic Approach
Loose-leaf For Auditing & Assurance Services: A Systematic Approach
11th Edition
ISBN: 9781260687637
Author: William F Messier Jr, Steven M Glover Associate Professor, Douglas F Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 3, Problem 3.15RQ
To determine

Concept Introduction:

Tolerable misstatements means that misstatements in financial statements which is below the tolerable limit and deviations are overriding of internal control system subject to maximum tolerable limit of deviations planned.

To discuss: Factors that cause auditor to use lower percentage for establishing tolerable misstatement:

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