Multiple Choice
Which of the following is the least likely outcome when the upper limit on misstatement exceeds the tolerable misstatement?
A) The auditor would be exposed to the risk of incorrect rejection.
B) The auditor would be exposed to an efficiency loss.
C) The auditor would consider expanding the sample to evaluate additional transactions or components of the account balance.
D) The auditor would conclude that the account balance is fairly stated.
Correct Answer:
Verified
Correct Answer:
Verified
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