The level of tolerable misstatement assessed by the auditor is based on the recorded balance of the account balance or class of transactions as well as the relationship of the account balance to important financial statement subtotals.

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The level of tolerable misstatement is based on the recorded balance of the account balance or class of transactions as well as the relationship of the account balance to important financial statement subtotals.

The Level of Tolerable Misstatement Assessed by the Auditor Is