Assume that an account with a recorded balance of $ 5,000 has an audited balance of $

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Assume that an account with a recorded balance of $ 5,000 has an audited balance of $ 3,000. By using monetary unit sampling, if the sampling interval is $ 1,500, the projected misstatement would be
a. $ 600 .
b. $ 900 .
c. $ 2,000 .
d. $ 3,000 .

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

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

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Question Posted: Oct 27, 2014 06:14 AM

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Assume that an account with a recorded balance of $ 5,000 has an audited balance of $

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a Incorrect Because the logical unit component selected for examination is larger ...View the full answer

Auditing and Assurance Services

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