The Auditors Used Statistical Sampling for the Audit of Inventory

Multiple Choice

The auditors used statistical sampling for the audit of inventory and calculated an estimated total audited value of $1,100,000;the client's book value for inventory is $1,200,000.This misstatement is properly classified as a:

A) Factual misstatement.
B) Judgmental misstatement.
C) Projected misstatement.
D) Relevance misstatement.