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Gordon is using statistical sampling on an audit. He has decided to use probability - proportional - to - size ( PPS ) sampling, sometimes

Gordon is using statistical sampling on an audit. He has decided to use probability-proportional-to-size (PPS) sampling, sometimes called monetary-unit sampling, in the audit of a client's accounts receivable balances, Gordon plans to use the following PPS sampling table:What is the sample interval using systemic sampling?Number of Overstatements0Table 1Confidence Factors for OverstatementsRisk of Incorrect Acceptance1%5%10%15%4.613.002.311.906.644.753.893.3828.416.305.334.7220%1.613.004.28Additional InformationTolerable misstatement$24,000Anticipated misstatement$ 5,000Risk on incorrect acceptance5%Recorded amount of accounts receivable $240,000Number of accounts360 a.9600. b.5000 c.8000v d.24000

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