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Gopika O UGopika O U asked 1 year ago

Sir ,l have a doubt regarding anomaly ..will situation of anomaly arise in test of controls?
Another doubt is if the ‘best estimate of misstatement in population’ is greater than expected level but less than tolerable level ,is there a need to modify the NTE of audit procedures?

2 Answers
RaviRavi Staff answered 1 year ago

anomaly can arise in test of controls as well as test of details
in test of controls generally no calculations are required as sample deviation rate becomes population deviation rate, so no adjustment of anomaly is done
but while projecting misstatement we exclude effect of anomaly 

RaviRavi Staff answered 1 year ago

yes as we discuss in class 
if its between expected misstatement and tolerable misstatement additional procedures will be required  

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