Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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Chapter 9, Problem 28RQ

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Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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When evaluating the results of an MUS application, the audit team should compare the upper limit on misstatements to thea. Expected misstatement.b. Incremental allowance for sampling risk.c. Projected misstatement.d. Tolerable misstatement.

In using audit sampling for exception rates: the auditor wants to know the most the exception rate is likely to be. sampling error is the likelihood that the auditor will miss a monetary misstatement. the upper limit of the interval estimate is known as the sampling risk. CUER cannot be considered in the context of specific audit objectives.

Answer 2

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Chapter 9, Problem 28RQ

To determine

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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Chapter 9, Problem 28RQ

To determine

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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Answer 4

Question

Chapter 9, Problem 28RQ

To determine

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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Answer 5

Chapter 9, Problem 28RQ

To determine

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

Answer 6

Chapter 9, Problem 28RQ

To determine

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

Answer 7

Chapter 9, Problem 28RQ

To determine

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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 the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

Solution Summary: The author explains that non-statistical sampling uses judgments rather than statistical technique to conclude the misstatement in the system.

Explain the relationship that exist between the projected misstatement and tolerable misstatement in order for the auditors to conclude that an account balance is acceptable.

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Chapter 9 Solutions