Queston 22 Not yet answered Marked out of 1.00 P Flag question Based on professional judgment an auditor establishes that if the amount of error or omission is within 1% of total revenue it is not considered as misstatement. Assume the amount of service revenue is overstated by OMR 5,000 which is 5% of total revenue. Does it amount to material misstatement? a. Yes, as the percentage of materially misstated amount is more than 1% of total revenue O b. No, as the percentage of misstated amount is less than 1% of total revenue c. Unable to decide as the data is inadequate Od. None of the options