Calculate the Projected Likely Misstatement (PLM)for the Data Given Below

question 24

Essay

Calculate the projected likely misstatement (PLM)for the data given below using the average difference method and the ratio method.(Round to the nearest dollar. )
$$\begin{array} { | l | l | l | } \hline \text { Case A } & \text { Case B } & \\\hline \text { Poplation size (logical units } & 1,500 \text { customer accourts } & 1,500 \text { customer accourts } \\\hline \text { Population size (accts. rec. } & \$ 300,000 & \$ 300,000 \\\text { total } & & \\\hline \text { Sarmple size(logical units } & 100 & 300 \\\hline \text { Book value in sample } & \$ 23,466 & \$ 62,095 \\\hline \text { Audited value in sample } & \$ 22,431 & \$ 60,295 \\\hline\end{array}$$

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Definitions:

High Trust

A situation or relationship characterized by a strong belief in the reliability, truth, ability, or strength of a party, often critical for successful negotiations.

High Distrust

Characterizes a situation or relationship where there is a significant lack of confidence or reliability in one or more parties.

GRIT Strategy

A method proposed for de-escalating conflict, involving the announcement of conciliatory intentions and the invitation for the other side to reciprocate.

Unilateral Actions

Actions or decisions made by one party or nation independently without consultation, agreement, or approval from others.