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15. 9 Natalie wishes to use the MEAN-per-UNIT sampling approach to estimate for a Population of A/P A) a MINIMUM SAMPLE SIZE; and then AUDIT

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15. 9 Natalie wishes to use the MEAN-per-UNIT sampling approach to estimate for a Population of A/P A) a MINIMUM SAMPLE SIZE; and then AUDIT this SAMPLE from which to (8) get an ESTIMATED PROJECTEC AUDITED VALUE for the entire population of the A/P account. Assuming: 1) Population size 10,0000. 2) Selected incorrect Acceptance Error Coefficient: A-128 3) Selected incorrect Rejection Error Coefficient: 8-1.96 4) Tolerable misstatement for the entire A/P account for this type of company and of this size revenue: $45,000 5) The Standard Deviation of the Book Value of the entire A/P population $20 6) After the A/P sample size is sampled and audited, the Mean Audited Value of the Sample $131. Find: (A) the MEAN SAMPLE SIZE 18) the An auditor has selected and audited a sample of 230 accounts with a sample book value of $3,680 and a sample audited value of $3,335. Using the BATIO estimation technique, the estimated Total Audited Value of the Population 16. 11 For effective internal control, the billing function should notbe performed by the:: a. Accounting Department b. Information Precessing Department. c. Sales Department d. Finance Department 17. 11 The confirmation of accounts receivable is most closely associated with: a. Inheritance Risk Detection Risk Business Risk. d. Relative Risk 18. 13 Auditing DEPRECIATION has several objectives, but NOT a. b. c. d. Verifying the appropriateness of methods used. Verifying that methods were consistently applied. Verifying that computations were reasonable. Verifying that asset replacement policies were reasonable

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