The results for auditing Share Capital at Merihon are provided below. Value of the Share Capital account (population): $4,350,000 Value of the sample of Share Capital audited: $200,000 Misstatements detected in Share Capital: $3,000 The tolerable level of misstatement for this account is $100,000 The only misstatement was caused by a clerical error when updating shareholder records What is the most appropriate action to take next? - Make a conclusion that Share Capital is free from material misstatements because the misstatements detected is below the tolerable level of misstatements - Make a conclusion that Share Capital is free from material misstatements because the projected value of misstatements is below the tolerable level of misstatements - Make a conclusion that Share Capital contains a material misstatement - Conduct further substantive testing related to the accuracy, valuation and allocation assertion