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Author Question: Total estimated misstatements include known misstatements and projected misstatements plus a sampling error. (Read 107 times)

dhsndn

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Question 1

To calculate the estimate of the likely misstatement of a total population, the auditor makes a direct projection of the known misstatement from the sample to the population, and subtracts an estimated allowance for sampling risk.
◦ true
◦ false

Question 2

Total estimated misstatements include known misstatements and projected misstatements plus a sampling error.
◦ true
◦ false


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Marked as best answer by dhsndn on Aug 21, 2022

my33251

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dhsndn

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


cici

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Reply 3 on: Yesterday
Wow, this really help

 

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