Tolerable Misstatement Is

Multiple Choice

Tolerable misstatement is

A) a matter of professional judgment
B) the amount of misstatement,on the basis of the auditor's professional judgment,that should be present in the account balance or class of transactions
C) often stated as 50-75% of materiality level
D) the level of audit risk the auditor is willing to accept
E) both A and C
F) both B and E
G) both C and D