ter Nine 9-43 Smith Company: Ratio and Difference Estimation LO 9-8 Note: This problem uses the information presented in the previous question and extends the analysis to ratio and difference estimation. Use the replies presented in the preceding problem for this problem. a. Use the ratio method to calculate: (1) Projected misstatement (2) Estimated total audited value. b. Use the difference estimation method to calculate: (1) Projected misstatement. (2) Estimated total audited value 9-44 The use of statistical sampling techniques in an audit of financial statements does not elimi- LO9-6 er Nine 9-43 Smith Company: Ratio and Difference Estimation Note: This problem uses the information presented in the previous question and extends the analysis to ratio and difference estimation. Use the replies presented in the preceding problem for this problem. a Use the ratio method to calculate (1) Projected misstatement. (2) Estimated total audited value LO 9-8 b. Use the difference estimation method to calculate: (1) Projected misstatement (2) Estimated total audited value The use of statistical sampling techniques in an audit of financial statements does not elimi 9-44 L09-6 ter Nine 9-43 Smith Company: Ratio and Difference Estimation LO 9-8 Note: This problem uses the information presented in the previous question and extends the analysis to ratio and difference estimation. Use the replies presented in the preceding problem for this problem. a. Use the ratio method to calculate: (1) Projected misstatement (2) Estimated total audited value. b. Use the difference estimation method to calculate: (1) Projected misstatement. (2) Estimated total audited value 9-44 The use of statistical sampling techniques in an audit of financial statements does not elimi- LO9-6 er Nine 9-43 Smith Company: Ratio and Difference Estimation Note: This problem uses the information presented in the previous question and extends the analysis to ratio and difference estimation. Use the replies presented in the preceding problem for this problem. a Use the ratio method to calculate (1) Projected misstatement. (2) Estimated total audited value LO 9-8 b. Use the difference estimation method to calculate: (1) Projected misstatement (2) Estimated total audited value The use of statistical sampling techniques in an audit of financial statements does not elimi 9-44 L09-6