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You are auditing Candela - a small company making luxury homewares. The following results have been identified from inventory testing. The population was stratified based
You are auditing Candela - a small company making luxury homewares. The following results have been identified from inventory testing. The population was stratified based on the dollar value of the inventory items. Calculate the projected misstatement. Enter your misstatement in whole dollars - no cents. Do not use dollar signs or commas. Inventory less than $50 Inventory between $51 and $100 Inventory over $100 Misstatements found 365 856 25,000 Value of sample 67,000 82,000 467,000 Value of population 320,900 543,000 467,000
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