Audit on creditor help
loopy lou
Registered Posts: 41 Regular contributor ⭐
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?
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?
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Comments
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No.
The extrapolated error is below materiality and tolerability.0 -
Thanks i've been looking at this question all morning and thinking the same but keep doubting myself0
