In a PPS sample with a sampling interval of ($10,000,) an auditor discovered that a selected account

Question:

In a PPS sample with a sampling interval of $$10,000,$ an auditor discovered that a selected account receivable with a recorded amount of $$5,000$ had an audit amount of $$3,000.$ The projected misstatement of this sample is

a. $\$ 3,000$.

b. $\$ 4,000$.

c. $\$ 6,000$.

d. $\$ 8,000$.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

See More Books

Question Posted: May 08, 2024 01:31 AM

See More Questions

Fill in the missing values in Table 9.2 given that dydt = 4 y. Assume the rate of growth, given by dydt, is approximately constant over each unit time interval. Table 9.2 1 y 0 1 2 3 4 8
In a PPS sample with a sampling interval of $\$ 5,000$, an auditor discovered that a selected account receivable with a recorded amount of $\$ 9,000$ had an audit amount of $\$ 8,000$. If this...
In a probability-proportional-to-size sample with a sampling interval of $20,000, an auditor discovered that a selected account receivable with a recorded amount of $10,000 had an audit amount of...
1. Resolve Class C 192.168.23.36 /27 2. Design DMZ minimumof 4 servers assigning an IP addressfor all devices 3. List and explain 4 primary servers that will be in the DMZ 4. Resolve Class C 192.168...
If we use the original form (5.88) of the discrete Fourier representation, we might be tempted to de- noise/compress the signal by only retaining the first 0 k l terms in the sum. Test this method...
For Exercises 27 through 36, find and If the limiting value is infinite, indicate whether it is + or . X lim f(x) 00
Do you feel it would be appropriate to inform the new client (Hawk Hollow) of Naomis condition so their input could be considered?
Harte Systems, Inc., a maker of electronic surveillance equipment, is considering selling to a well-known hardware chain the rights to market its home security system. The proposed deal calls for the...
H can someone help me with this question please? thanks in advance! The UPS(United Parcel Services) Uses the Activity-based Costing Method and identifies activity cost pools for that company. Using...
Which of the following statements is correct concerning PPS sampling? a. The sampling distribution should approximate the normal distribution. b. Overstated units have a lower probability of sample...
Vale has decided to use PPS sampling in the audit of a client's accounts receivable balances. Vale plans to use the following PPS sampling table: What sample size should Vale use? a. 120 b. 108 c. 60...
Select a random sample of four without replacement from the following metal products corporations: Gillette, Crown Cork & Seal, MASCO, Tyco Laboratories, Illinois Tool Works, McDermott, Ball, Stanley...
Workers act as sellers of their time in the labor market in return for some wage. Lets discover your individual supply curve for labor. For each hourly wage rate provided in the accompanying table,...
The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) monitors and evaluates health care providers according to strict standards and guidelines. Improvement in the quality of care...
The U.S. National Highway Traffic Safety Administratio (NHTSA) independently tests over 2,400 types of tires annually. In 2015, they issued more than 900 recalls, affecting 51 million vehicles...
The Hudson Jewelers case study can be found in Appendix C. Chapter 17 Case Questions for Discussion: 1.Research and acquire the criteria for diamond appraisals and critique these criteria in terms of...
Gordon Rivers, the city manager of Saratoga, Florida, pitched the proposed design schedule back at Jay Andrews. Jay Andrews is the project manager for Major Design Corporation (MDC). The city of...
Bobby Hooks, licensed master plumber, had the following transactions and events during his first month of business. Prepare journal entries to record them. After you have prepared the journal...
Outline some of the major problems confronting an international advertiser.
Re engineering is the fundamental rethinking and radically redesigning of business processes to achieve dramatic improvements in critical contemporary measures of performance such as cost quality...
Crisis de jour! Our director is not cooperating. And, where is the money going? I would like to be able to act rather than react. We must keep the place open! Sarah, chair of the Sunshine Center...
What is the Present Value of a series of seven cash flows that starts with the cash flow of $2443 in year 1, decreases by 25% each year, and continues until year 7, at a 20% annual interest rate...

In a PPS sample with a sampling interval of ($10,000,) an auditor discovered that a selected account

Question:

Step by Step Answer:

Auditing An Assertions Approach

Students also viewed these Business questions