You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, issue? A Qualified Opinion B Disclaimer of Opinion C Unqualified Opinion D Adverse Opinion
You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, issue? A Qualified Opinion B Disclaimer of Opinion C Unqualified Opinion D Adverse Opinion
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter14: Data Mining
Section14.2: Classification Methods
Problem 7P
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![You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample (using non-statistical sampling as given below) and came up with the following results
You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, what type of audit opinion would you
issue?
A Qualified Opinion
B Disclaimer of Opinion
C Unqualified Opinion
D Adverse Opinion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad20a5ff-0602-4af2-9825-fb30bc55f6cb%2F220999ac-44e3-4e02-9b8d-e14e2bc4de08%2Fevagb9_processed.png&w=3840&q=75)
Transcribed Image Text:You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample (using non-statistical sampling as given below) and came up with the following results
You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, what type of audit opinion would you
issue?
A Qualified Opinion
B Disclaimer of Opinion
C Unqualified Opinion
D Adverse Opinion
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