The projected likely misstatement may be calculated, yet further misstatement may remain undetected in the population. How
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The projected likely misstatement may be calculated, yet further misstatement may remain undetected in the population. How can auditors take the further misstatement under consideration when completing the quantitative evaluation of monetary evidence?
How is this done by formula?
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Step by Step Answer:
The nonstatistical measurements described in Chapter 10 leave only one avenue for accounting for further misstatement Apply experience and professional judgment to decide if further misstatement could ...View the full answer
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Related Book For 
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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