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The auditor performed tests of details on accounts receivable with the following results: Book value of population $3,000,000 Tolerable misstatement $60,000 Audit misstatement posting threshold

The auditor performed tests of details on accounts receivable with the following results:

Book value of population $3,000,000

Tolerable misstatement $60,000

Audit misstatement posting threshold $10,000

Actual amount of misstatements $20,000

Projected misstatement $100,000

The auditor found two pricing errors in a sample of 100

The auditor would most likely:

Group of answer choices

Accept the population as fairly stated and take no further action.

Place the entire projected error on the summary of possible adjustments.

Propose an adjustment for the actual errors, and place unadjusted errors on the summary of possible adjustments.

Propose an adjustment for the actual errors, and perform additional testing.

Request that the client fix the population.

Treat the error as an isolated anomaly and do not project to the population.\

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