You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample

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You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample (using non-statistical sampling as given below) and came up with the following results

You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, what type of audit opinion would you issue?

Posted Date: May 13, 2024 01:39 AM

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You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample

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Expert Answer:

Based on the information provided assuming a welldesigned nonstatistical sample for accounts receivable and no other misstatements identified elsewher... View the full answer

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