Audit on creditor help

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?

Comments

  • AK002
    AK002 Registered Posts: 2,492
    No.

    The extrapolated error is below materiality and tolerability.
  • loopy lou
    loopy lou Registered Posts: 41 ? ? ?
    Thanks i've been looking at this question all morning and thinking the same but keep doubting myself
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