- *misstatement of an accounting balance does not *materially misstate *financial statements. Assessments of tolerable rates are a fundamental aspect of *audit risk assessment for external auditors. 2. In *budgeting, an acceptable divergence of actual results from budgeted amounts.
Auditor's dictionary. 2014.
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tolerable — I (New American Roget s College Thesaurus) adj. endurable, bearable; passable, not bad. See content, goodness, leniency. II (Roget s IV) modif. 1. [Bearable] Syn. endurable, sufferable, sustainable; see bearable . 2. [Passable] Syn. fairly good,… … English dictionary for students
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