If a customer's account was recorded at $45,000,the audited value was $30,000,and the sampling interval was $30,000,the projected misstatement would be:
A)$10,000.
B)$15,000.
C)$20,000.
D)$30,000.

Question

Quizplus · Accepted Answer

The projected misstatement is calculated as the difference between the recorded amount and the audited amount. Here, $45,000 - $30,000 = $15,000.

If a Customer's Account Was Recorded at $45,000,the Audited Value