Question: Using PPS if the projected misstatement is $10K, basic precision if $15K, Incremental allowance is $7K, expected misstatement is $4K, and if tolerable misstatement

Using PPS if the projected misstatement is $10K, basic precision if $15K,

Using PPS if the projected misstatement is $10K, basic precision if $15K, Incremental allowance is $7K, expected misstatement is $4K, and if tolerable misstatement is $34K the sample fails. True False

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