2 (15 marks) Jeffery Brown is the audit manager responsible for the audit of the Jamaican Limited. He is currently in a discussion with the audit senior, Alexander Grant, who will be in charge of the audit of accounts payables which the client has reported in their accounts for the current period as being $21 million. Based on Jeffery's extensive knowledge of the client, he believes that the internal control systems established by management has been deteriorating as there has been several changes to key management personnel during the period under review. Based on the new information, the auditor has made a new assessment to accept a lower level of risk associated with incorrectly validating a balance when in fact the balance ought to have been rejected as invalid. The level of this risk used previously was 10% and this will be decreased for the current year based on the internal control findings outlined above. Jeffery has decided, to select a sample of 125 accounts payables for confirmation. There