Question: Auditing 9A-11 explain the first sentence in Conclusion. You do not need to consider the second sentence which addresses both the likelihood of over and

Auditing

9A-11

explain the first sentence in Conclusion. You do not need to consider the second sentence which addresses both the likelihood of over and understatement.

Conclusion:

Based on the combined sample, the most likely total overstatement in the combined population is 1,191.87, and the most likely total understatement is 0.00.You can infer with a confidence of 95.00% that the total overstatement in the combined population does not exceed 22,636.92, and that the total understatement in the combined population does not exceed 20,986.97.

9A-14

Explain the Conclusion

Conclusion:

Based on the combined sample, the most likely total overstatement in the combined population is 9,559.99, and the most likely total understatement

is 0.00. You can infer with a confidence of 95.00% that the total overstatement in the combined population does not exceed 28,168.38, and that the

total understatement in the combined population does not exceed 14,736.00.

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