Solution-Auditor finds one receivable that is overstated

Auditor finds one receivable that is overstated

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Reference no: EM13886422

1.Assume materiality for the financial statements as a whole is $100,000 and performance materiality for accounts receivable is set at $40,000. If the auditor finds one receivable that is overstated by $55,000, what should the auditor do?

Reference no: EM13886422

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Auditor finds one receivable that is overstated

Reference no: EM13886422

Reference no: EM13886422

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