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Auditing please help thank you I will like the post 17-26 (Objective 17-2) You are evaluating the results of a nonstatistical sample of 85 accounts
Auditing please help thank you I will like the post
17-26 (Objective 17-2) You are evaluating the results of a nonstatistical sample of 85 accounts receivable confirmations for the Bohrer Company. Information on the sample and population are included below. Tolerable misstatement for accounts receivable confirmation sampling is $100,000. a. Evaluate each of the confirmation exceptions to determine whether they represent misstatements. b. Estimate the total amount of misstatement in the accounts receivable population. Ignore sampling risk in the calculation. c. Is the population acceptable? If not, indicate what follow-up action(s) you consider appropriate in the circumstances. The confirmation responses were received without exception, other than the following items
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