Question: The projected likely misstatement may be calculated, yet further misstatement may remain undetected in the population. How can auditors take the further misstatement under consideration

The projected likely misstatement may be calculated, yet further misstatement may remain undetected in the population. How can auditors take the further misstatement under consideration when completing the quantitative evaluation of monetary evidence?

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The nonstatistical measurements described in Chapter 10 leave only one avenue for accounting for further misstatement Apply experience and professional judgment to decide if further misstatement could ... View full answer

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