May I get some help please.

You are auditing revenues and receivables for ABC Corporation. ABC requires that all credit sales go through a credit approval before goods are shipped. All credit sales go through an automated approval as long as they are for $10,000 and below. Anything above $10,000 requires a manual credit check which is done by the credit manager, who then puts his signature on the sale documents. You wish to test to test the effectiveness of ABC 's control of manually approving all credit requests over $10,000. During the year ABC has made 5,000 purchases, of which 1,500 were over $10,000. You have established a tolerable deviation rate of 6% and your expected deviation rate is 1.5% 1a. What is your sample size? (use the sampling table provided) 1b. What is the maximum number of deviations allowed? 1c. After selecting your sample and performing your audit test you find 1 deviation. What is your conclusion? 1.d What impact does this have on your further testing? Assume that you are now performing substantive tests on receivables and you want to perform account receivable confirmations. The client's recorded book value is $6,575,000 made up of 2,120 customers. You have established a tolerable misstatement of $300,000 for accounts receivable. You have selected 230 accounts worth a total of $685,000 to confirm and after sending out the confirmations, four are returned showing the following overstatements. Assume that the remaining receivables were confirmed with no exceptions. 2a. What is the sample misstatement? 2 b. What is the projected misstatement using the ratio estimation method? 2.c What do you conclude about the fairness of the accounts receivable account? 2d. Using the difference estimation method, calculate your projected misstatement 2e. What do you conclude about the fairness of the accounts receivable account? You are auditing revenues and receivables for ABC Corporation. ABC requires that all credit sales go through a credit approval before goods are shipped. All credit sales go through an automated approval as long as they are for $10,000 and below. Anything above $10,000 requires a manual credit check which is done by the credit manager, who then puts his signature on the sale documents. You wish to test to test the effectiveness of ABC 's control of manually approving all credit requests over $10,000. During the year ABC has made 5,000 purchases, of which 1,500 were over $10,000. You have established a tolerable deviation rate of 6% and your expected deviation rate is 1.5% 1a. What is your sample size? (use the sampling table provided) 1b. What is the maximum number of deviations allowed? 1c. After selecting your sample and performing your audit test you find 1 deviation. What is your conclusion? 1.d What impact does this have on your further testing? Assume that you are now performing substantive tests on receivables and you want to perform account receivable confirmations. The client's recorded book value is $6,575,000 made up of 2,120 customers. You have established a tolerable misstatement of $300,000 for accounts receivable. You have selected 230 accounts worth a total of $685,000 to confirm and after sending out the confirmations, four are returned showing the following overstatements. Assume that the remaining receivables were confirmed with no exceptions. 2a. What is the sample misstatement? 2 b. What is the projected misstatement using the ratio estimation method? 2.c What do you conclude about the fairness of the accounts receivable account? 2d. Using the difference estimation method, calculate your projected misstatement 2e. What do you conclude about the fairness of the accounts receivable account