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Commerce · Q406

Auditing

Graduate and Post Graduate · Commerce · question 406

Q406

When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the:

A.
Amount of known misstatement is documented in working papers
B.
Estimates of the total likely misstatement is less than materiality level
C.
Estimates of the total likely misstatement is more than materiality level
Answer
D.
Estimates of the total likely misstatement cannot be made

Answer: Option C

Solution

Answer: Option C
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