Tolerable error, a measure of the maximum monetary error that may exist in an account balance without

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Tolerable error, a measure of the maximum monetary error that may exist in an account balance without causing materially misstated financial statements, is directly related to:

a. Precision.

b. Audit risk.

c. Materiality.

d. Confidence level.

Choose the correct answer.

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 04, 2024 02:01 AM

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Tolerable error, a measure of the maximum monetary error that may exist in an account balance without

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The correct answer is c Materiality Tolerable error is ...View the full answer

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