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    Auditing and Assurance Services Study Set 1
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    Exam 9: Materiality and Risk
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    Tolerable Misstatement as Set by the Auditor
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Tolerable Misstatement as Set by the Auditor

Question 71

Question 71

Multiple Choice

Tolerable misstatement as set by the auditor:


A) decreases acceptable audit risk.
B) increases inherent risk and control risk.
C) affects planned detection risk.
D) does not affect any of the four risks.

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