Auditing

How to find TER and CUER?

After your risk assessment discussion, the staff performed the testing of the controls for your public company audit clent. Boss. Moss Student Housing Inc. Based on the results, they prepared the table below, Additionally, they noled the following: - Accounts Receivable has a tolerable misstatement of $20,000 or 50% of Planning Materiality. - Inventory has a tolerable misstatement of $20,000 or 50% of Planning Materiality - Inherent risk, control risk and acceptable audit risk were all set as Moderate in the prior year audit. - A sample size of 300 was used for all controls, which exceeded the required sample size per tables and firm guidance. - If applicable, the allowance for sampling risk (asr) has been set at 3% After your risk assessment discussion, the staff performed the testing of the controls for your public company audit clent. Boss. Moss Student Housing Inc. Based on the results, they prepared the table below, Additionally, they noled the following: - Accounts Receivable has a tolerable misstatement of $20,000 or 50% of Planning Materiality. - Inventory has a tolerable misstatement of $20,000 or 50% of Planning Materiality - Inherent risk, control risk and acceptable audit risk were all set as Moderate in the prior year audit. - A sample size of 300 was used for all controls, which exceeded the required sample size per tables and firm guidance. - If applicable, the allowance for sampling risk (asr) has been set at 3%