course: auditing $-$

You have developed a non$-$statistical sample and found that the projected misstatement in your sample is $$8,000,$ while the tolerable misstatement is $$9,000.$ What would you likely conclude?

Group of answer choices

Since the projected misstatement is less than the tolerable misstatement, the account is not misstated.

Since the projected misstatement is less than the tolerable misstatement, the account is misstated.

The risk is high that the account is materially misstated.

The analysis has been improperly performed since the projected misstatement is unequal to the tolerable misstatement.