Assume an auditor finds total errors of $25,300 in a sample of sales invoices. Why is it

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Assume an auditor finds total errors of $25,300 in a sample of sales invoices. Why is it not appropriate to conclude that sales are misstated by $25,300? How would you determine the estimate of misstatement in sales?

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Auditing A Practical Approach

ISBN: 978-1742165943

1st Canadian Edition

Authors: Robyn Moroney

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Question Posted: Mar 11, 2016 02:31 AM

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Assume an auditor finds total errors of $25,300 in a sample of sales invoices. Why is it

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The auditor must consider whether an error is likely to be unique and thus not likely to be rep...View the full answer

Auditing A Practical Approach

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