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
Q45: Henrietta Lombardi assessed control risk to be
Q46: When conducting detailed substantive procedures, auditors search
Q47: Milushka Icaza, who was representing her CPA
Q48: Tests of controls are conducted to establish
Q49: Where an auditor concludes that the audit
Q51: Corey Hill used analytical procedures at his
Q52: Tests of controls are conducted to
A) make
Q53: Vita Zitkauskas, the senior on the audit
Q54: Substantive audit procedures include
A) detailed tests of
Q55: David Killbear has been involved in testing
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