Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

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Chapter 9, Problem 22RQ

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Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

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A principal advantage of statistical methods of attribute sampling over nonstatistical methods is that they provide a scientific basis for planning the A. risk of overreliance B. tolerable rate C. expected population deviation rate D. Sample size

Explain how the following test of control will affect the sample size? a. An increase in the extent to which the auditor's risk assessment takes into account relevant controls b. An increase in the tolerable rate of deviation c. An increase in the expected rate of deviation of the population to be tested

When using monetary unit sampling, a population is accepted as being materially correct when the: Tolerable misstatement is greater than the upper limit on misstatement. Incremental allowance is less than the upper limit on misstatement. Projected misstatement is less than the upper limit on misstatement. Basic precision is greater than the projected misstatement.

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Chapter 9, Problem 22RQ

To determine

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

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Answer 3

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Chapter 9, Problem 22RQ

To determine

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

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Answer 4

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Chapter 9, Problem 22RQ

To determine

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

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Answer 5

Chapter 9, Problem 22RQ

To determine

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

Answer 6

Chapter 9, Problem 22RQ

To determine

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

Answer 7

Chapter 9, Problem 22RQ

To determine

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

Answer 8

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Answer 9

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Answer 11

Ch. 9 - Prob. 1RQ Ch. 9 - Prob. 2RQ Ch. 9 - Prob. 3RQ Ch. 9 - Prob. 4RQ Ch. 9 - Prob. 5RQ Ch. 9 - Prob. 6RQ Ch. 9 - Prob. 7RQ Ch. 9 - Prob. 8RQ Ch. 9 - Prob. 9RQ Ch. 9 - Prob. 10RQ

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

Solution Summary: The author explains that the auditor should not conclude the account is not materially misstated when the projected misstatement is less than the tolerable one.

Explain whether one should conclude that the account is not materially misstated whenever the projected misstatement is less than the tolerable misstatement.

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Chapter 9 Solutions