Question: Complete the statement. The lower the risk of material misstatement, a. the greater the maximum tolerable misstatement b. the higher the audit risk required. c.

Complete the statement. The lower the risk of material misstatement,

a.

the greater the maximum tolerable misstatement
b.

the higher the audit risk required.
c.

the later in the year that principal audit test procedures are performed
d.

the smaller the sample size needed for substantive testing

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