The method Anthony's Orchard chose for selecting the sample was systematic. Determine whether the classical variables...

 

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The method Anthony's Orchard chose for selecting the sample was systematic. Determine whether the classical variables sampling method would have been the more systematic choice to satisfy Anthony's Orchard's audit needs. Conducting Sample Procedure Anthony's Orchard conducted the sample procedure. As you work through the following steps, determine whether the procedure yields the desired results. PPS Sampling Procedure Complete the table below by calculating the Sampling Interval and the Projected Misstatement. Requirement 2: Calculate the Projected Misstatements Audit Value $100 Book Value $125 $12,000 $50 $1,000 $40 Misstatement Taint $25 $11,000 $10 Percent 25% 20% Sampling Projected Interval Misstatement The method Anthony's Orchard chose for selecting the sample was systematic. Determine whether the classical variables sampling method would have been the more systematic choice to satisfy Anthony's Orchard's audit needs. Conducting Sample Procedure Anthony's Orchard conducted the sample procedure. As you work through the following steps, determine whether the procedure yields the desired results. PPS Sampling Procedure Complete the table below by calculating the Sampling Interval and the Projected Misstatement. Requirement 2: Calculate the Projected Misstatements Audit Value $100 Book Value $125 $12,000 $50 $1,000 $40 Misstatement Taint $25 $11,000 $10 Percent 25% 20% Sampling Projected Interval Misstatement

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