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What amount would be treated as a misstatement

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Question - If the auditor concludes the allowance for doubtful accounts should be between $130,000 and $160,000 and management's recorded amount is $170,000, what amount would be treated as a misstatement?

a. $40,000 (the maximum difference)

b. $0 (no misstatement as management has estimated higher than the auditor)

c. $10,000 (the minimum difference)

d. $25,000 (the mid-range of $145,000 less $170,000)

Reference no: EM133064759

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