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What is the projected misstatement level

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Question - An auditor is going to use MUS with the following characteristics: population size: $1,000,000; sample size: 20; tolerable misstatement: $120,000. The auditor found only a $3,000 misstatement in a customer account of $75,000. What is the projected misstatement and upper misstatement level is the confidence level is 90%?

Reference no: EM132046272

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