AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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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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