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Misstatement on an estimate

Management has made a warranty provision of ₹8,00,000. Based on evidence, the auditor develops a reasonable range of ₹10,00,000 to ₹12,00,000. How is the misstatement described under SA 450?

A.A judgemental misstatement of at least ₹2,00,000B.A factual misstatement of ₹4,00,000C.A projected misstatement of ₹3,00,000D.No misstatement, as estimates cannot be wrong

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Misstatement on an estimate

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