The auditor would not test controls for an assertion when ____ misstatement exceeds ___ misstatement.

The risk of incorrect ___ relates to the effectiveness of an audit, while the risk of incorrect ___ relates to the ___ of an audit.

Calculate the projected misstatement in a population using difference projection.

Tolerable Misstatement $20,000

Materiality $50,000

Sample size $ 46,654

Population size $ 534,115

Sample misstatement $ 379

Sample item number 1,147

Population item number 19,085

___________

Calculate the projected misstatement in a population using ratio projection.

Tolerable Misstatement $20,000

Materiality $50,000

Sample size $ 6,854

Population size $ 540,695

Sample misstatement $ 197

Sample item number 1,235

Population item number 81,030

____________