40 points Save Anser Looking at the following Image if the audit team performed PPS sampling...
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40 points Save Anser Looking at the following Image if the audit team performed PPS sampling and selected a sample of 25 items & noted the following 3 samples with differences: (Write in your answer to the questions in the space provided, answer each question to get full credit). Assume the Sampling Interval is $85,000. CLICK IMAGE HERE Base don the facts above and the image please answer the following 4 questions. You must answer all 4 questions to get ful credit. When answering for which sample you can refer to them as sample 1, sample 2, or sample 3. L The engagement team needs to calculate the tainting percentage & projected misstatement for which samplets? H. For the 22 samples not shown above out of the total 25 samples selected the auditor would not calculate a tainting percentare & projected misstatement? . For which Sample(s) above is the projected misstatement equal to the actual misstatement? (Answer: True or False) w. Incremental allowance needs to be calculated for which of the sample(s)? Book Sample Value Audited Value Misstatement 1 %24 100 $ 90 10 2,000 102,000 1,900 100 3 102 101,898 Total $104,100 $2,092 $102,008 2. 40 points Save Anser Looking at the following Image if the audit team performed PPS sampling and selected a sample of 25 items & noted the following 3 samples with differences: (Write in your answer to the questions in the space provided, answer each question to get full credit). Assume the Sampling Interval is $85,000. CLICK IMAGE HERE Base don the facts above and the image please answer the following 4 questions. You must answer all 4 questions to get ful credit. When answering for which sample you can refer to them as sample 1, sample 2, or sample 3. L The engagement team needs to calculate the tainting percentage & projected misstatement for which samplets? H. For the 22 samples not shown above out of the total 25 samples selected the auditor would not calculate a tainting percentare & projected misstatement? . For which Sample(s) above is the projected misstatement equal to the actual misstatement? (Answer: True or False) w. Incremental allowance needs to be calculated for which of the sample(s)? Book Sample Value Audited Value Misstatement 1 %24 100 $ 90 10 2,000 102,000 1,900 100 3 102 101,898 Total $104,100 $2,092 $102,008 2.
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L The engagement team needs to calculate the tainting percentage projected misstatement for which samples The engagement team needs to calculate the t... View the full answer
Related Book For
Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby
Posted Date:
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