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Upper Misstatement Limit When Evaluating the MUS Sample Results,the Auditor

question 80

Essay

Upper Misstatement Limit When evaluating the MUS sample results,the auditor calculates the total estimated misstatement in the account balance based on the sampling process.Describe the four components that make up this total.


Definitions:

Will

A legal document in which a person states how he or she wants property and possessions distributed after death.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; the traditional concept extends to include relatives.

Autopsy

A medical examination of a deceased person's body to determine the cause of death or investigate disease processes, conducted by a pathologist.

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