What is tolerable misstatement? How do auditors use it when deciding whether account balances are fairly recorded?

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 06:10 AM

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What is tolerable misstatement? How do auditors use it when deciding whether account balances are fairly recorded?

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Tolerable misstatement is the maximum amount by which an account balan...View the full answer

Auditing and Assurance Services

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