Question: Using PPS/MUS if the projected misstatement if the Sampling Interval is $5,500 and an individual selected sample has a book value of $5,700 and audit
Using PPS/MUS if the projected misstatement if the Sampling Interval is $5,500 and an individual selected sample has a book value of $5,700 and audit value of $5,200. To determine the potential misstatement for this sampled item:
| The auditor determines the tainting percentage and multiplies by the sampling interval | ||
| . Both A & B. | ||
| Neither A or B. | ||
| The auditor calculate the difference between the book value and audit value of the sample item and the actual misstatement is the same as the projected misstatement. |
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