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Busi 3343 Assignment Six Due Nov 4th Chapter 11 You are preparing to send confirmation requests for accounts receivable as part of the audit of XYZ Corporation. You have the following information: Accounts receivable amount per general ledger $1,134,800 Number of accounts 6,215 A non-statistical sample was taken as follows: 30 accounts over $15,000 $515,000 65 accounts less than 15,000 Materiality 92,615 $70,000 Inherent risk and control risk are both set as high. No relevant analytical procedures were performed. Following are the results of the confirmations: Items over $15,000 Misstatements for Items under $15,000 Item 10 Item 22 Item 37 Item 41 Item 53 Item 60 Recorded Value $515,000 Audited Value $465,000 4,752 523 1,185 5,250 4,100 2,050 17,860 4,914 235 350 2,550 3,900 0 11,949 Required: Explain the results as it relates to your audit. Show your calculations and make a conclusion. Question two Answer problem 12-28 on page 405 of your text. Prepare your solution in the following table format for part a and b. a. Deficiency Answer part c separately. b. Recommended changes to manual procedures