Mastrr accounting In considering overall materiality for planning purposes, an auditorbelieves that misstatements aggregating $50,000 would have a materialeffect on an entity's income statement, but that misstatements wouldhave to aggregate $100,000 to materially affect the balance sheet.Ordinarily, it would be appropriate to design audit procedures that wouldbe expected to detect misstatements aggregating: *$25,000$50,000$75,000$100,000None of the above

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Ordinarily, it would be appropriate to design audit procedures that would be expected to detect misstatements aggregating:

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Completing A Quality Audit

Section: Chapter Questions

Problem 3CYBK

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Question

Mastrr accounting

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
None of the above

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