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What is the the projected likely misstatement (PLM) for both cases (show detailed calculations). What approach of sampling would have been used here in
What is the the projected likely misstatement (PLM) for both cases (show detailed calculations). What approach of sampling would have been used here in your view? Population size (logical units Population size (accts. rec. total Sample size (logical units) Book value in sample Audited value in sample Case A Case B 1,500 customer accounts 1,500 customer accounts $300,000 $300,000 100 $23,466 $22,431 300 $62,095 $60,295
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1 Calculate the projected likely misstatement PLM for both cases Where Total Audited Value The total ...
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