If the projected misstatement in a nonstatistical sampling is $$18,000,$ while the tolerable misstatement is $$19,000,$ what would an auditor likely conclude?

Multiple Choice

The analysis has been improperly performed since the projected misstatement is unequal to the tolerable misstatement.

Since the projected misstatement is less than the tolerable misstatement, the account is misstated.

Since the projected misstatement is less than the tolerable misstatement, the account is not misstated.

The risk is high that the account is materially misstated.