Which of the following is a correct statement with respect to evaluating results when using nonstatistical sampling for substantive tests?

When the projected misstatement exceeds the tolerable misstatement, the auditor should conclude that the population is not misstated.

The closer the projected misstatement is to the tolerable misstatement, the higher the risk of material misstatement.

When the projected misstatement is equal to zero, the auditors may conclude with certainty that no misstatements exist in the account.

When the projected misstatement percentage exceeds the risk of incorrect acceptance the auditors will generally conclude that the population is materially misstated.