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The auditor selected the following accounts to perform the confirmation of accounts receivable procedures. Complete Column C, D, E, and F in Table B Table

The auditor selected the following accounts to perform the confirmation of accounts receivable procedures. Complete Column C, D, E, and F in Table B

Table B

A

Book Value

B

Audited Value

C

Misstatement or tainting amount

A-B

D

Tainting Factor % (C/A)

E

Sampling Interval

F = E*D1

Projected Misstatement

(top stratum)

$750,000

$500,000

lower stratum

$300,000

$150,000

Total

-

Answer the following using the Table B that you completed

What is the Misstatements or the tainting amount from Colum C ________________

What is the correct tainting factor from Column D for the two bottom strata . _______

Show your calculation here to receive full credit

Complete Colum E by putting the Sample Interval you calculated earlier.

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