You Are Auditing Raji and Company

question 104

Multiple Choice

You are auditing Raji and Company. You discover an item of inventory with an audited value of $5,000 with a recorded amount of $3,000. If this is the only error you discover, the projected misstatement for the sample would be

• A) $5,000.
• B) $2,000.
• C) $3,000.
• D) $4,000.