Question: Oceanview Marine Company 21-23 Sample Selection: Monetary Unit Sampling HP2/24/2019 December 31, 2018 Audit Area: Accounts receivable Individually material accounts greater than tolerable misstatement of:

Oceanview Marine Company 21-23 Sample Selection:
Oceanview Marine Company 21-23 Sample Selection: Monetary Unit Sampling HP2/24/2019 December 31, 2018 Audit Area: Accounts receivable Individually material accounts greater than tolerable misstatement of: 40,000 Amount Customer Name Confirmed Anthony Underwriters 117,990.00 6 to 13 Various 588,421.00 Total 706,411.00 Sample below tolerable misstatement: Sampling Interval = Book value of population / Sample Size = (round down to hundreds) Amount Dollar unit Customer Name Confirmed 8,000 James Abbott 21,345.00 N 5 6 to 30 Various

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!