In each scenario (I through of the audit, you have discovered the matters a 3) you made one determination during the planning phase of the audit. Now that you are doing the field work re a bit different than what you anticipated. In the right hand column, indicate if you will kee p your sample size the same, increase it or decrease it? What you discovered when you went to the SG site to Will your sample prepare the confirmation requests Scenario What you thought in the planning phase size increase, decrease or stay the same as what you had initially planned? There are 500 separate accounts with balances. There are 500 separate accounts with balances. Most Customer orders vary considerably with some customers order for a large sized gathering and pay in customers ordering food for a small gathering,45 days. while others order for very large events Customers pay at the point of delivery or 30-60 days after delivery 26) Both control risk and inherent risk were assessed Control risk and inherent risk are at a medium level for at high. In other words, the client system can't the accounts receivable balance. In other words, be relied upon to detect errors. The planned risk internal control can be relied upon to detect some of incorrect acceptance is 5%, which means, the errors, with this new information, the partner in- sample must have a confidence level of 95%. | charge of the audit directs you to use an incorrect 27) acceptance of 5%, which means the sample must have a confidence level of 95%. Accounts receivable compn ses 15% of the balance sheet assets. Tolerable misstatement 28) | Accounts receivable comprises a 25% of the balance sheet assets. Tolerable misstatement (precision) in this account is now 10% of the balance. precision) in this account is 20% of the balance