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Suppose the auditor uses the correct sample size, competently performs a reasonable set of audit procedures on sample items, and finds one $500 overstatement. The
Suppose the auditor uses the correct sample size, competently performs a reasonable set of audit procedures on sample items, and finds one $500 overstatement. The $500 overstatement occurred because Customer #15 already had paid the bill but the clerk at KLM forgot to record this payment. In this case, what would be the auditors' upper misstatement limit for KLM's accounts receivable?
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To determine the auditors upper misstatement limit for KLMs accounts receivablewe need to consider the following factors Sample Size Since the informa...
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
