Question: 8 - 2 2 . LO 5 The following information relates to a nonstatistical sample used for a price test of inventory: a . What
LO The following information relates to a nonstatistical sample used for a price test of inventory:
a What is the best estimate of the total misstatement?
b Are these results acceptable, assuming tolerable misstatement is $ Explain.
c Assume that the results are not acceptable. What possible courses of action can the auditor take?
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