AUDIT 2

You are auditing the accounts receivable for Dragon, Inc. Consider the following:

ARIA is 5%

Accounts Receivable balance us $525,000

Number of accounts is 2,205

You selected 50 accounts to confirm - these had a balance of $22,000

Tolerable Misstatement is $25,000

All confirmations came back as correct except for the following

Acct #	Recorded Value	Audit Value
20	$9,375.00	$8,375.00
33	1,201.15	1,001.15
41	410.41	395.00

Required: Is the population acceptable? SHOW ALL WORK to justify your answer.