A low tolerable error for a given account would result in more testing of details than a higher amount.

Question

Quizplus · Accepted Answer

When the tolerable error is lower, it means that the auditor has set a lower threshold for the acceptable level of error in the account. This means that the auditor will need to perform more detailed testing to ensure that the account's balance or transaction is accurate. In contrast, if the tolerable error is higher, the auditor may only need to perform limited testing as they have set a higher threshold for acceptable error. Therefore, a low tolerable error would result in more testing of details than a higher amount.

A Low Tolerable Error for a Given Account Would Result