Question: If the projected misstatement in a non - statistical sampling is $ 8 , 0 0 0 , while the tolerable misstatement is $ 9
If the projected misstatement in a nonstatistical sampling is $ while the tolerable misstatement is $ what would an auditor likely conclude?
Question options:
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
Since the projected misstatement is less than the tolerable misstatement, the account is not misstated
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