Question

If the _____ is less than the _____ , the audit team would conclude that the account balance is fairly stated.
a. Projected misstatement; tolerable misstatement.
b. Tolerable misstatement; projected misstatement.
c. Upper limit on misstatements; tolerable misstatement.
d. Tolerable misstatement; upper limit on misstatements.



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  • CreatedOctober 27, 2014
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