You have been hired as an auditor to provide a reasonable assurance regarding the fair presentation of Carrefours financial statements. During the planning phase of materiality, the preliminary judgment toward the inventory account was set at $50,000. Throughout the audit of inventory account, you found $15,000 of overstated misstatements and $5,000 of understated misstatements within sample of $ 80,000 as the total account volume was $800,000, and estimated sampling error of 20%.

Requirement: Analyze and provide your decision with explanation regarding the inventory account.