10) in monetary unit sampling for accounts receivable asume sampling intervals 1000 and 500 is to de sample of customers for audit. Find the second customer for audi using following table Customer Customer Balance Cumulative Balance A 175 A) Customer 8) Customer C C) Customer D 425 600 650 1250 Dj Customer E 300 1560 E) None E 450 2000 450 2450 11) In auditing revenues, which of following assertion require vouching? A) Occurrence B) Completeness C) LIFO D) FIFO E) None 12) Assume Linda's Bakery received an order on March 15 and delivered the products on March 30, Linda received the payment on April 2. When is the revenue earned? A) March 30 B) March 15 C) April 2 D) March 25 E) None 13) Which of the following is an inherent inventory management risk? A) Accuracy B) LIFO C) Occurrence D) Susceptibility to theft E) None 14) The population for account receivables is 2400 items and sample size is 60. The total value of your sample is $5250. the expected error rate is 6%, what is the lower bound of the total value of account receivables for 2500 items? 2600 A) $147250 60 % b B) $158333 5250 C) $210000 D) $197400 E) None If there is a big possibility of a devaluation that may negatively affect the business of your client, how can you classify this risk in terms of auditing? ALinherent risk B) Financial risk C) Control risk D) Actually, this is not a risk ) None 6 C D