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Author Question: The term "tolerable misstatement," used by the Public Company Accounting Oversight Board auditing ... (Read 80 times)

redpassion

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Question 1

The lower the dollar amount of the preliminary judgment, the more audit evidence is required.
◦ true
◦ false

Question 2

The term "tolerable misstatement," used by the Public Company Accounting Oversight Board auditing standards, has the same meaning as "performance materiality," described by AICPA and International Auditing and Assurance Standards Board standards.
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◦ false


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Marked as best answer by redpassion on Aug 21, 2022

KeriJennin

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redpassion

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


carlsona147

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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