Tolerable misstatement is
- the amount of misstatement that management is willing to tolerate in the financial statements
- materiality for the balance sheet as a whole
- materiality for the income statement as a while
- materiality used to establish a scope for the audit procedures for the individual account balance or disclosures
d. materiality used to establish a scope for the audit procedures for the individual account balance or disclosures. materiality used to establish a scope for the audit procedures for the individual account balance or disclosures
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