Question: An auditor established a ( $ 6 0 , 0 0 0 ) tolerable misstatement for an asset with an account balance

An auditor established a \(\$ 60,000\) tolerable misstatement for an asset with an account balance of \(\$ 1,000,000\). The auditor selected a sample of every twentieth item from the population of 1,000 items that represented the asset account balance and discovered overstatements of \(\$ 3,700\) and understatements of \$200. Under these circumstances, what would the auditor MOST likely would conclude?
An auditor established a \ ( \ $ 6 0 , 0 0 0 \ )

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