the audit team sets tolerable misstatement at $3,000,000, expected misstatement at $1,750,000, and risk of incorrect acceptance at 37%. You use a sample size of 73 confirmations. The sampling interval is $981,134. You may assume that except for the following, you received confirmations from customers that showed no exceptions. Determine whether the following conditions represent errors for purposes of your evaluation. Based on your evaluation and the parameters of the sample you designed above, evaluate the result of confirming accounts receivable.

Determine the upper misstatement limit.