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If an Auditor Were to Calculate an Estimate of the Errors

Question 17

Multiple Choice

If an auditor were to calculate an estimate of the errors by direct projection from the sample to the population and found $7000 of net overstatement errors in a sample of $100 000 out of a total population of $900 000, the estimate of errors in the population is


A) $6300.
B) $778.
C) $63 000.
D) $77 778.

Correct Answer:

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