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Estimate the error

  • Writer: Thomas Tsang
    Thomas Tsang
  • Jan 28, 2020
  • 1 min read

When we know there is an error of material misstate of a particular assertion, such as cut off in revenue, we should design a procedure to best estimate the error. Since it is a known error of material misstatement, we are not to test that no error.


The procedure is specific to find out the error and extrapolate to the whole population.

 
 
 

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