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What would expect to detect misstatements that aggregate

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Problem 1: In considering materiality for planning purposes, an auditor believes that misstatements aggregating $10 000 would have a material effect on an entity's income statement, but that misstatements would have to aggregate $20 000 to materially affect the statement of financial position. Ordinarily, it would be appropriate to design auditing procedures that would be expected to detect misstatements that aggregate:

Option 1: $10 000.
Option 2: $15 000.
Option 3: $20 000.
Option 4: $30 000.

Reference no: EM132726109

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