In considering overáll believes that misstatements aggregating $50,000 would have a material effect on an entity's income statement, but that misstatements would have to aggregate $100,000 to materially affect the balance sheet. Ordinarily, it would be appropriate to design audit procedures that would be expected to detect misstatements aggregating: *

Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Current Liabilities And Payroll
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Master accounting
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*E0 59% OI 8:25 PM
Mariana
3 minutes ago
In considering overall materiality for planning purposes, an auditor
believes that misstatements aggregating $50,000 would have a material
effect on an entity's income statement, but that misstatements would
have to aggregate $100,000 to materially affect the balance sheet.
Ordinarily, it would be appropriate to design audit procedures that would
be expected to detect misstatements aggregating: *
$25,000
$50,000
$75,000
$100,000
O None of the above
< o o
Transcribed Image Text:p10 *E0 59% OI 8:25 PM Mariana 3 minutes ago In considering overall materiality for planning purposes, an auditor believes that misstatements aggregating $50,000 would have a material effect on an entity's income statement, but that misstatements would have to aggregate $100,000 to materially affect the balance sheet. Ordinarily, it would be appropriate to design audit procedures that would be expected to detect misstatements aggregating: * $25,000 $50,000 $75,000 $100,000 O None of the above < o o
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