Ayushi SharmaAyushi Sharma asked 5 months ago
1 Answers
RaviRavi Staff answered 5 months ago

projected misstatement > tolerable misstatement — population has material misstatement
projected misstatement < tolerable misstatement — population is not having material misstatements
projected misstatement very close or equal to tolerable misstatement or projected misstatement +  anomalous exceed tolerable misstatement then we are not able to reach at definite conclusion, this is called sample is not providing reasonable basis to draw conclusion

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