Question: Table B A Book Value B Audited Value C Misstatement or tainting amount A-B D Tainting Factor % (C/A) E Sampling Interval F = E*D
Table B
| A Book Value | B Audited Value
| C Misstatement or tainting amount A-B | D Tainting Factor % (C/A) | E Sampling Interval | F = E*D1 Projected Misstatement |
| (top stratum) $750,000
|
$500,000 |
250,000 |
250,000/750,000= 33% |
604,411.76 |
199455.88 |
| lower stratum $300,000
|
$150,000 |
150,000 |
150,000/300,000= 50%. |
604,411.76 |
302205.88 |
|
Total |
650,000 |
400,000 |
|
|
|
Answer the following using the Table B that you completed
What are the Misstatements or the tainting amount from Column C ________________
What is the correct tainting factor from Column D for the two bottom strata? _______
| Show your calculation here to receive full credit
|
Complete Colum E by putting the Sample Interval you calculated earlier.
Determine the Basic Precision (RF x SI) insert your answer here _______________
| Show your calculation here to receive full credit:
|
Using the information on the table you completed above to calculate and indicate your Projected Misstatement here: _________________
| Show the calculation of Projected Misstatement here to receive full credit
Top stratum: _____________________________________________________: + Bottom stratum: __________________________________________________:
= Total Projected Misstatement ___________________________________________:
|
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