State which receivables balances will be selected for sampling using monetary unit sampling (dollar-unit sampling):

 

You are the auditor of XYZ Company and are intending to audit receivables by external confirmation of a sample of the year-end balances. The trade receivables below have been randomly tabulated. At the year-end, trade receivables amount to $1 million and materiality is $100,000. Assume the reliable factor equals 1 and the random start at $99,995. Customer 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Total Balance ($) 60,000 70,000 90,000 105,000 28,000 100,000 46,000 1,000 84,000 94,000 108,000 34,000 160,000 20,000 1,000,000 Cumulative total ($) Dollars selected Logical Unit Customer Amount ($)