Question

Based on the information in Problem 8-56, assume that your sampling interval is $100,000.
a. What is your statistical conclusion if no misstatements are found in the sample? Is the account balance acceptable? Explain.
b. Calculate the total estimated misstatement assuming the following misstatements are found in the sample:


c. Do these results indicate that the account balance, as stated, is acceptable? Explain.
d. If the results are not acceptable, what courses of action are available to theauditor?


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  • CreatedSeptember 22, 2014
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