If there is a decrease in the amount of misstatement in a class of transactions that an auditor could tolerate, the auditor should perform procedures closer to the balance sheet date. Why?

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If there is a decrease in the amount of misstatement in a class of transactions that an auditor could tolerate, the auditor should perform procedures closer to the balance sheet date.

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Auditor should perform the planned auditing procedures closer to the balance sheet date

Because  procedures are performed is planned auditing procedures closer to the balance sheet date at that time risk for material misstatement are higher so this will make acceptance by auditor  with  less risk with So it is good for auditor should perform the planned auditing procedures closer to the balance sheet date

 

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