Question: Edwards has decided to use monetary-unit sampling in the audit of an entitys accounts receivable balance. Few, if any, misstatements of account balance overstatement are

Edwards has decided to use monetary-unit sampling in the audit of an entitys accounts receivable balance. Few, if any, misstatements of account balance overstatement are expected.

Edwards has decided to use monetary-unit sampling in the audit of an

Calculate the sample size and the sampling interval using Table 85, Edwards should use for the following information:

Note: Use the tables, not IDEA, to solve for these problems. Round your interval answer to the nearest whole number.

Tolerable misstatement	$ 15,000
Expected misstatement	$ 6,000
Desired confidence level	95%
Recorded amount of accounts receivable	$ 300,000

SAMPLE SIZE: ___________

SAMPLING INTERVAL: _________

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