A5 You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample (using non-statistical sampling as given below) and came up with the following resultsYou set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, what type of audit opinion would youissue?A Qualified OpinionB Disclaimer of OpinionC Unqualified OpinionD Adverse Opinion

As an auditor, the evaluation of accounts receivables is a critical aspect of the audit process. The…

Answered: You set the tolerable misstatement at…

Practical Management Science

6th Edition

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Chapter14: Data Mining

Section14.2: Classification Methods

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You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, issue? A Qualified Opinion B Disclaimer of Opinion C Unqualified Opinion D Adverse Opinion