A component of an account balance has a recorded balance of $ 10,000 and an audited balance

Question:

A component of an account balance has a recorded balance of $ 10,000 and an audited balance of $ 8,000. By using monetary unit sampling, if the sampling interval is $ 20,000, the projected misstatement would be
a. $ 2,000 .
b. $ 4,000 .
c. $ 5,000 .
d. $ 10,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

Question Posted: