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What conclusion would you reach

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Reference no: EM133156671

Question - Assume the following misstatements were found in a PPS sample:

Sample Item

Book Value

Audit Value

1

$650

$585

2

540

0

3

1,900

0

4

2,200

1,650

5

2,800

2,660

Required - If tolerable misstatement were $50,000 and expected misstatement were $10,000, what conclusion would you reach?

Reference no: EM133156671

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