Based on professional judgment an auditor establishes that if the amount of error or omission is within 2% of total assets, it is not considered as misstatement. Assume that the total assets of the entity are OMR 100,000. Current Assets are overstated by OMR 4,000 which is 4% of total assets. Does it amount to material misstatement? a. No, as the percentage of misstated amount is within 2% of total assets b. Yes, as the percentage of misstated amount is beyond 2% of total assets O c. Unable to decide as the data is inadequate O d. None of the options