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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 441
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.
A) Projected misstatement; tolerable misstatement.
B) Tolerable misstatement; projected misstatement.
C) Upper limit on misstatements; tolerable misstatement.
D) Tolerable misstatement; upper limit on misstatements.
Explanation
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Upper limit is the sum of three componen...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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