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eFishie eFishie
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6 years ago
The auditors have decided upon a materiality level of $100,000 for their audit of ABC Manufacturing. Which one of the following errors would be considered more important by the auditors? An
A) error in accounts receivable cut-off of $50,000.
B) overstatement of accounts payable by $15,000.
C) error in allocation between accounts receivable and accounts payable by $75,000.
D) illegal payment of $15,000.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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victroxvictrox
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6 years ago
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eFishie Author
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#2
6 years ago
Love when it's right Smiling Face with Open Mouth
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