Management Notes

Reference Notes for Management

Tolerable error is the maximum monetary error that the auditor is prepared to accept in the population and still conclude that audit objective has been achieved is directly related to

Tolerable error is the maximum monetary error that the auditor is prepared to accept in the population and still conclude that audit objective has been achieved is directly related to

Tolerable error is the maximum monetary error that the auditor is prepared to accept in the population and still conclude that audit objective has been achieved is directly related to

 Options:

a) Sample size
b) Audit risk
c) Materiality
d) Expected error

The Correct Answer Is:

c) Materiality

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