is Question: 1 pt 1 of 3 (0 complete)V This G al Sive an example of the use ive an example of the More Info Info 1 (Click on the icon to viev Cancel a. We have confirmed a random sample of 100 accounts receivable. We obtained replies or 1. Use of attributes samplin 2. Use of monetary unit san 3. Use of variables samplin examined satisfactory other evidence for all sample items. A listing of exceptions is attached Based on our sample, we estimate, with 10% risk, that the true population misstatement is between $20,000 understatement and $40,000 overstatement. Since tolerable misstatement for accounts receivable is judged to be $50,000, we conclude, with a risk of 5%, that accounts receivable are materiay misstated. b. We have examined a random sample of 100 dollar units of sales transactions for form of an interval estima existence. All were supported by properly prepared sales orders and shipping documents Based on our sample, we conclude that all sales are properly recorded c. We have confirmed a random sample of 100 accounts receivable. We obtained replies or examined satisfactory other evidence for all sample items. A listing of exceptions is attached Based on our sample, we estimate, with 10% risk, that the true population misstatement is between $20,000 understatement and $40,000 overstatement. Since tolerable misstatement for accounts receivable is judged to be $50,000, we conclude, with a risk of 5%, that accounts receivable are not materially misstated d. We have examined a random sample of 100 dollar units of sales transactions for existence. All were supported by properly prepared sales orders and shipping documents Based on our sample, we conclude, with a 20% risk, that maid sales do not exceed $40,000 e. We have examined a random sample of 100 sales invoices for indication of internal verification, two exceptions were noted Based on our sample, we conclude, with a 5% risk, that the proportion of sales invoices to which internal verification has not been applied does not exceed 6 296 f. We have examined a random sample of 100 sales invoices for indication of internal Choose from any drop-dow Print Done Gradebo Sive an example of the use of attributes sampling, MUS, and variables sampling in the form of an audit conclusion. Click on the icon to view the audit conclusions.) Audit Conclusions 1. Use of attributes sampling in a test of sales transactions for internal venificationL 2. Use of monetary unit sampling in a test of sales transactions for existence 3. Use of variables sampling in confirmation of accounts receivables (in the form of an interval estimate and a hypothesis test) Give an example of the use of attibutes sampling, MUS, and variables sampling in the form of an audit conclusion. 1 (Click on the icon to view the audit conclusions) Audit Conclusions 1. Use of attributes sampling in a test of sales transactions for internal venfication 2. Use of monetary unit sampling in a test of sales transactions for existence 3. Use of variables sampling in confirmation of accounts receivables (in the a. form of an interval estimate and a hypothesis test) b
