Audit on creditor help

loopy lou

Can anyone help with this question ?

You have noticed that some creditors were not recorded correctly. These errors have been extrapolated to £37450. The materiality level is £112000 and the tolerable level is £52800.

Say whether you need to do any extra work on creditors?

AK002

No.

The extrapolated error is below materiality and tolerability.

loopy lou

Thanks i've been looking at this question all morning and thinking the same but keep doubting myself