[thato2]

Question 2 page 57 of the revision kit :
“An audit procedure which tests for the understatement of a class of transactions will simultaneously test for the overstatement of the related liability ”

The answer is:A True

Shouldn’t it be false because shouldn’t the statement rather read :

“An audit procedure which tests for the understatement of a class of transactions will simultaneously test for the understatement of the related liability ”

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