Example: Monetary Unit sampling - Upper Misstatement Bound | CPA Exam

[@sadieb9824]

You're so helpful prof farhats! you're the best online prof.

[@AccountingLectures]

Hi Seydi,
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[@crisa5034]

Very informative. Thank you.

[@AccountingLectures]

Most welcome. Please check my audit courses here:
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[@paulhan7770]

23:24 Professor, why do we add the basic precision amount? Isnt it enough to just add factual misstatement + projected misstatement + allowance for sampling risk?

[@samiarmand8817]

Hello,
Where we can found table for confidence factor please?

[@laughernine4320]

Thank you for the video. Why do we only calculate an upper bound and not a lower bound?

[@radwansadeh2050]

thanks alot

[@AccountingLectures]

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[@radwansadeh2050]

When the question tell me that materiality is 250000 is its means the tolerable misstatement is 250000 ?
And Thanks again