Assume that the auditor tested an account receivable with a balance of $3,000 and determined that the
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Assume that the auditor tested an account receivable with a balance of $3,000 and determined that the audited value was $2,700. That is, the auditor determined the receivable was overstated by $300. What is the projected misstatement (excluding the incremental allowance for sampling risk) if the sampling interval is $15,000?
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To determine the projected misstatement we can use the ratio estim...View the full answer
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Related Book For 
Auditing And Assurance Services An Integrated Approach
ISBN: 9780137879199
18th Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
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