Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 35...

  
 

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Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 35 (using a 100% average misstatement assumption). The population has 3,580 inventory items valued at $11,900,000. The auditor will select the MUS sample from the 3,580 inventory items using systematic sampling. Assuming a random starting point of 118,362, identify the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar? Begin by identifying the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar? Cumulative dollar amounts Random dollar starting point 2nd sample dollar selected 3rd sample dollar selected 4th sample dollar selected 5th sample dollar selected How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a out of the population of $11,900,000. population of $118,362. sample size of 35. The auditor would identify total inventory items of 3,580. How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a out of the cumulative amount of $1,478,362 cumulative amount of $118,362 cumulative amount of $11,900,000 The auditor would identify How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a which population items are associated with each dollar amount selected within the cumulative balance. which population items are associated with the cumulative balance for the largest sampling interval. which population items are greater than the total population. out of the which population items are less than the sampling interval. The auditor would identify Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 35 (using a 100% average misstatement assumption). The population has 3,580 inventory items valued at $11,900,000. The auditor will select the MUS sample from the 3,580 inventory items using systematic sampling. Assuming a random starting point of 118,362, identify the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar? Begin by identifying the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar? Cumulative dollar amounts Random dollar starting point 2nd sample dollar selected 3rd sample dollar selected 4th sample dollar selected 5th sample dollar selected How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a out of the population of $11,900,000. population of $118,362. sample size of 35. The auditor would identify total inventory items of 3,580. How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a out of the cumulative amount of $1,478,362 cumulative amount of $118,362 cumulative amount of $11,900,000 The auditor would identify How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a which population items are associated with each dollar amount selected within the cumulative balance. which population items are associated with the cumulative balance for the largest sampling interval. which population items are greater than the total population. out of the which population items are less than the sampling interval. The auditor would identify

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