EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
10th Edition
ISBN: 9781259293245
Author: Jr
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 3, Problem 3.24MCQ
To determine

Concept Introduction:

A tolerable misstatement is the level or amount of a misstatement which can be ignored by the auditor. There is an opposite relation between the sample size and tolerable misstatement. If the auditor’s level of tolerable misstatement is high, the auditor can keep the sample size low.

To choose: The correct meaning of tolerable misstatement.

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