Edwards has decided to use monetary-unit sampling in the audit of a client's accounts receivable balance. Few,
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Edwards has decided to use monetary-unit sampling in the audit of a client's accounts receivable balance. Few, if any, misstatements of account balance overstatement are expected. Required:
a. Identify the advantages of using monetary-unit sampling over classical variables sampling.
b. Calculate the sample size and the sampling interval Edwards should use for the following information: P-9652
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Related Book For 
Auditing And Assurance Services A Systematic Approach
ISBN: 9780073337203
5th Edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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