Multiple Choice
If the total projected error in an account balance was $3,248 and the tolerable error was set at $10,000, the auditor would:
A) conclude that the errors uncovered are material.
B) decide that further audit work was required.
C) conclude that the errors detected are not material.
D) conduct other tests aimed at the assertion being tested.
Correct Answer:
Verified
Correct Answer:
Verified
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