Q4- i. TEST THE SAMPLE & EVALUATE THE RESULTS: Assume You send a total of 44 confirmations: 43 confirmations as determined by the Non-stat calculation above and 1 that was judgmentally selected because it was greater than performance materiality. A selection of the confirmation results for the Company is shown below. Assume the remaining 40 items samples were returned and the book value was the same as the value per the confirmation (aka audit value).

	Confirmation	Sample Type	Customer Name	Recorded	Amount	Evaluation
	Number			Balance	Confirmed by	of
					Customer	Results
Strata 1	1	Representative sample selected haphazardly by non-statistical sampling.	Snapchat Corporation	$15,000	Confirmation reply not received from customer, but alternative procedures performed successfully.	Answer below.
	2	Representative sample selected haphazardly by non-statistical sampling.	Facebook	$66,000	$64,000
	3	Representative sample selected haphazardly by non-statistical sampling.	Tesla	$20,000	$19,800
Strata 2	4	Judgementally Selected	Specimen Inc. (a related party)	$300,000	$250,000

Q4-ii. On the basis of the accounts receivable confirmation results received (as presented above), what are the conclusions for each of the sample items selected?

Confirmation Number	Evaluation of Results: (A)Difference needs further investigation; (B)No Difference- no further investigation required; or (C) Cannot be Determined [Put only 1 letter below]
				1	[EX: (A)]
2
3
4