Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk. To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

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Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

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Answer 2

Question

Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

Answer 6

Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

Answer 7

Chapter 8, Problem 33RQSC

To determine

Introduction: Tolerable limit is the threshold value of the quantity. It acts like a barrier. Total estimated misstatement is the final estimate of the audit without any risk.

To state : Judgment for the given scenarios where total estimated value is very close to tolerable limits value and explain about the course of actions.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 8 - Prob. 1CYBK Ch. 8 - Prob. 2CYBK Ch. 8 - Prob. 3CYBK Ch. 8 - Prob. 4CYBK Ch. 8 - Prob. 5CYBK Ch. 8 - Prob. 6CYBK Ch. 8 - Prob. 7CYBK Ch. 8 - Prob. 8CYBK Ch. 8 - Prob. 9CYBK Ch. 8 - Prob. 10CYBK

Solution Summary: The author explains that tolerable limit and total estimated misstatement are the final estimates of audit without any risk. Auditor should change the sample size or relook the account balance to find any mistake.

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Chapter 8 Solutions