What is tolerable misstatement and how is it related to performance materiality?

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What is ‘tolerable misstatement’ and how is it related to performance materiality?

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Auditing

ISBN: 9781473778993

12th Edition

Authors: Alan Millichamp, John Taylor

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Question Posted: Nov 02, 2023 02:58 AM

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What is tolerable misstatement and how is it related to performance materiality?

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Tolerable misstatement is a concept used in the field of auditing particularly in the context of financial statement audits It is related to the deter...View the full answer

Auditing

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