14. An auditor is planning the confirmation of accounts receivable. The total of debit balances in...
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14. An auditor is planning the confirmation of accounts receivable. The total of debit balances in the aged trial balance of receivables is $6 million. The auditor has decided that the tolerable misstatement for this sampling application is $40,000, the risk of incorrect acceptance is five per cent and zero error is expected. There are 4500 customer balances. The auditor decides to use dollar-unit sampling and determines a sample size of 200. The sampling interval for dollar-unit sampling using the systematic selection method is approximately? (2 Points) 15. An account balance is $200,000 and there are 70 items in the account, five of which have balances that equal or exceed $16,000. The auditor plans to use a dollar-unit sampling plan with systematic sample selection. To ensure that all accounts with balances of at least $16,000 are selected, the sampling interval should be? 14. An auditor is planning the confirmation of accounts receivable. The total of debit balances in the aged trial balance of receivables is $6 million. The auditor has decided that the tolerable misstatement for this sampling application is $40,000, the risk of incorrect acceptance is five per cent and zero error is expected. There are 4500 customer balances. The auditor decides to use dollar-unit sampling and determines a sample size of 200. The sampling interval for dollar-unit sampling using the systematic selection method is approximately? (2 Points) 15. An account balance is $200,000 and there are 70 items in the account, five of which have balances that equal or exceed $16,000. The auditor plans to use a dollar-unit sampling plan with systematic sample selection. To ensure that all accounts with balances of at least $16,000 are selected, the sampling interval should be?
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Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date:
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