Tolerable Misstatement When Performing a Substantive Test _______

Multiple Choice

Tolerable misstatement when performing a substantive test _______.

A) is the maximum dollar amount of misstatement that an auditor is willing to accept within the population tested and conclude that the population is presented fairly
B) is the minimum dollar amount of misstatement that an auditor is willing to accept within the population tested, and conclude that the population is presented fairly
C) does not apply if the auditor plans to issue an unmodified opinion
D) does not apply if the auditor plans to issue a modified opinion