In which of the following cases would the auditor be most likely to conclude that all of the items in an account under consideration should be examined rather than tested on a sample basis?
|
The measure of tolerable misstatement is |
Misstatement frequency is expected to be |
|
|
a. |
Large |
Low |
|
b. |
Small |
High |
|
c. |
Large |
High |
|
d. |
Small |
Low |