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You use monetary unit sampling to test the accounts receivable balance. You find two errors: one for $2,000 and one for $20,000. Tolerable misstatement for
You use monetary unit sampling to test the accounts receivable balance. You find two errors: one for $2,000 and one for $20,000. Tolerable misstatement for the account is $23,000. Overall materiality is $46,000. What is your most likely next step?
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