Question: Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 95 (using a 100% average misstatement assumption). The population has

Using MUS, an auditor determined the preliminary sample size for testing

Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 95 (using a 100% average misstatement assumption). The population has 3,580 inventory items valued at $19,000,000. The auditor will select the MUS sample from the 3,580 inventory items using systematic sampling. Assuming a random starting point of 121,860, 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 Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 95 (using a 100% average misstatement assumption). The population has 3,580 inventory items valued at $19,000,000. The auditor will select the MUS sample from the 3,580 inventory items using systematic sampling. Assuming a random starting point of 121,860, 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

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